EURUSD Analysis: Falling German consumer prices bearish for EURUSD

June 19, 2020

By IFCMarkets

Falling German consumer prices bearish for EURUSD

Producer prices in Germany continued falling in May: producer prices index declined 0.4% after 0.7% decline in April, when a 0.3% decline was expected. This is bearish for EURUSD.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelNeutral
Donchian ChannelSell
FractalsNeutral
Parabolic SARSell

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.1194
Stop lossBelow 1.1221

Market Analysis provided by IFCMarkets