By IFCMarkets
Contracting service sector in euro-zone bearish for EURUSD
Euro-zone’s Service PMI final reading confirmed the sector continued contracting: Markit report indicated the services PMI ticked up to 12 after falling to 11.7 in March. Readings above 50.0 mean industry expansion, below indicate contraction. This is bearish for EURUSD.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Neutral | |
| Donchian Channel | Neutral | |
| MA(200) | Sell | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
| Order | Sell |
| Buy stop | Below 1.0781 |
| Stop loss | Above 1.0841 |
Market Analysis provided by IFCMarkets