Rising producer prices bullish for EURUSD

August 4, 2020

By IFCMarkets.com

Rising producer prices bullish for EURUSD

Euro-zone’s producer prices index rose in June: prices of finished goods and services sold by producers rose 0.7% over month in June after 0.6% increase in May, when an 0.6% decline was expected. This is bullish for EURUSD.

Indicator VALUE Signal
RSI Neutral
MACD Sell
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Sell

 

Summary of technical analysis

Order Buy
Buy stop Above 1.1804
Stop loss Below 1.1756

Market Analysis provided by IFCMarkets.com


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