EURUSD Analysis: Worse than forecast Italy’s industrial production bearish for EURUSD

May 11, 2020

By IFCMarkets

Worse than forecast Italy’s industrial production bearish for EURUSD

Italy’s industrial production fell in March more than expected : industrial production fell 28.4% in March after 1% decline in prior month, when a 20% drop was expected. This is bearish for EURUSD.

IndicatorVALUESignal
RSINeutral
MACDSell
Donchian ChannelNeutral
MA(200)Sell
FractalsSell
Parabolic SARSell

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.0808
Stop lossBelow 1.0849

Market Analysis provided by IFCMarkets