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.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Buy | |
Donchian Channel | Neutral | |
Donchian Channel | Sell | |
Fractals | Neutral | |
Parabolic SAR | Sell |
Summary of technical analysis
Order | Buy |
Buy stop | Above 1.1194 |
Stop loss | Below 1.1221 |
Market Analysis provided by IFCMarkets