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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