By IFCMarkets
Recovering Ifo index bullish for EURUSD
Ifo’s business climate index for Germany recovered in May: the index rose from 74.2 points in April to 79.5 points in May, when an increase to 78.3 was expected. This is bullish for EURUSD.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Buy | |
Donchian Channel | Sell | |
MA(200) | Buy | |
Fractals | Neutral | |
Parabolic SAR | Buy |
Summary of technical analysis
Order | Buy |
Buy stop | Above 1.0903 |
Stop loss | Below 1.0871 |
Market Analysis provided by IFCMarkets