EURUSD Analysis: Rising euro-zone current account surplus bullish for EURUSD

March 23, 2020

By IFCMarkets

Rising euro-zone current account surplus bullish for EURUSD

Euro-zone current account surplus rose in January to 34.7 billion euro from 32.6 billion in December, when a drop to 30.3 billion was expected. This is bullish for EURUSD.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelNeutral
MA(200)Sell
FractalsBuy
Parabolic SARBuy

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.0802
Stop lossBelow 1.0666

Market Analysis provided by IFCMarkets