EURUSD Analysis: Falling wholesale prices in Germany bearish for EURUSD

April 16, 2020

By IFCMarkets

Falling wholesale prices in Germany bearish for EURUSD

Wholesale prices fell in Germany in March: the wholesale price index declined 0.4% after 0.9% fall in February, when a 0.2% gain was expected. This is bearish for EURUSD.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelNeutral
MA(200)Sell
FractalsSell
Parabolic SARSell

 

Summary of technical analysis

OrderSell
Buy stopBelow 1.0853
Stop lossAbove 1.0904

Market Analysis provided by IFCMarkets