EURUSD Analysis: Recovering GfK index bullish for EURUSD

May 26, 2020

By IFCMarkets

Recovering GfK index bullish for EURUSD

GfK consumer confidence index recovered slightly in May: GfK consumer climate index edged up from -23.1 points in April to -18.9 points in May, when an increase to -19.1 was expected. This is bullish for EURUSD.

IndicatorVALUESignal
RSINeutral
MACDNeutral
Donchian ChannelNeutral
MA(200)Buy
FractalsBuy
Parabolic SARBuy

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.0971
Stop lossBelow 1.0905

Market Analysis provided by IFCMarkets