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


Free Reports:

Download Our Metatrader 4 Indicators – Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.





contributors

Share
Published by
contributors

Recent Posts

GBP Strength Holds Despite Dovish Bank of England Signals

By Analytical Department RoboForex GBP/USD shrugged off the impact of Bank of England Governor Andrew…

19 hours ago

Natural gas prices are rising amid increasing electricity consumption

By JustMarkets  By the end of the day, the Dow Jones Index (US30) rose by…

2 days ago

USD/JPY at 40-Year High: Multiple Factors Weigh on the Yen

By Analytical Department RoboForex USD/JPY soared to 162.78 in the middle of the week, reaching…

2 days ago

Gold Declines: Fed Policy and Geopolitics Weigh

By Analytical Department RoboForex Gold prices fell below 4,000 USD per troy ounce on Tuesday,…

3 days ago

Oil prices have once again risen above 70 dollars per barrel. The Australian dollar has updated a three‑month low

By JustMarkets  The US stock markets on Monday showed confident growth, breaking a five‑day losing…

3 days ago

This website uses cookies.