EURUSD Analysis: Smaller slowing of industrial output in Germany bullish for EURUSD

April 7, 2020

By IFCMarkets

Smaller slowing of industrial output in Germany bullish for EURUSD

Industrial production growth slowed in Germany less than forecast: Germany recorded 0.3% industrial output growth over month in February after 3.2% growth in previous month, when a 0.7% decline was forecast. This is bullish for EURUSD.

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

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.0892
Stop lossBelow 1.0790

Market Analysis provided by IFCMarkets