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 |
| Order | Buy |
| Buy stop | Above 1.0903 |
| Stop loss | Below 1.0871 |
Market Analysis provided by IFCMarkets