EURUSD Analysis: Lower than expected unemployment bullish for EURUSD

June 3, 2020

By IFCMarkets

Lower than expected unemployment bullish for EURUSD

Euro-zone’s unemployment rose less than feared in April: the unemployment rate rose to 7.3% from 7.1% in March, when an increase to 8.2% was expected. This is bullish for EURUSD.

IndicatorVALUESignal
RSINeutral
MACDSell
Donchian ChannelBuy
MA(200)Buy
FractalsBuy
Parabolic SARSell

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.2238
Stop lossBelow 1.1182

Market Analysis provided by IFCMarkets