By IFCMarkets
EURUSD falling despite improved business sentiment in Germany
ZEW sentiment in Germany improved in April: the ZEW indicator of economic sentiment rose to 28.2 after hitting negative 49.5 in March, when a -40 was expected. This is a positive development but the technical setup is bearish for EURUSD.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(200) | Sell | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
| Order | Sell |
| Buy stop | Below 1.0820 |
| Stop loss | Above 1.0857 |
Market Analysis provided by IFCMarkets