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.

Indicator VALUE Signal
RSI Neutral
MACD Buy
Donchian Channel Buy
MA(200) Sell
Fractals Buy
Parabolic SAR Buy

 

Summary of technical analysis

Order Buy
Buy stop Above 1.0892
Stop loss Below 1.0790

Market Analysis provided by IFCMarkets