EURUSD Analysis: Steeper than forecast decline in German wholesale prices bearish for EURUSD

May 14, 2020

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.

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

 

Summary of technical analysis

OrderSell
Buy stopBelow 1.0775
Stop lossAbove 1.0819

Market Analysis provided by IFCMarkets