EURUSD Analysis: Smaller slowing of industrial output in France bullish for EURUSD

April 10, 2020

By IFCMarkets

Smaller slowing of industrial output in France bullish for EURUSD

Industrial production growth slowed in France less than expected in February: industrial output growth slowed to 0.9% over month in February, after 1.1% rise in January, when no change was forecast. This is bullish for EURUSD.

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

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.0949
Stop lossBelow 1.0920

Market Analysis provided by IFCMarkets