By IFCMarkets
EURUSD bias bearish despite recovering German consumer confidence
Consumer confidence in Germany continued to recover in June: German GfK consumer climate index rose to -9.6 in June from -18.6 in May, when a recovery to -11.7 was expected. This is bullish for EURUSD, but the pair is still falling.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(200) | Sell | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
| Order | Sell |
| Buy stop | Below 1.1214 |
| Stop loss | Above 1.1259 |
Market Analysis provided by IFCMarkets