By IFCMarkets
Steeper than forecast decline in German wholesale prices bearish for EURUSD
Wholesale prices in Germany fell in April more than expected: the Wholesale Price Index fell 1.4% in April after 0.4% decline in March, when 0.3% decline was expected. This is bearish for EURUSD.
Indicator | VALUE | Signal |
---|---|---|
RSI | Neutral | |
MACD | Sell | |
Donchian Channel | Sell | |
MA(200) | Sell | |
Fractals | Sell | |
Parabolic SAR | Sell |
Summary of technical analysis
Order | Sell |
Buy stop | Below 1.0775 |
Stop loss | Above 1.0819 |
Market Analysis provided by IFCMarkets