September 8, 2020
Industrial output slowing in Germany bearish for EURUSD
Industrial production expansion slowed in Germany in July. Germany’s statistics agency Destatis reported country’s industrial production rose 1.2% over month in July after 9.3% rebound in June, when a 4.5% growth was expected. This is bearish for EURUSD.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Neutral | |
| MA(200) | Buy | |
| Fractals | Buy | |
| Parabolic SAR | Sell |
Summary of technical analysis
| Order | Sell |
| Buy stop | Below 1.1762 |
| Stop loss | Above 1.2009 |
Market Analysis provided by IFCMarkets.com
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