EURUSD Analysis: Improving ZEW economic sentiment for Germany bullish for EURUSD

May 19, 2020

By IFCMarkets

Improving ZEW economic sentiment for Germany bullish for EURUSD

The ZEW Indicator of Economic Sentiment for Germany recorded an increase for the second time: it rose to 51 points after edging up to 28.2 in April, when an increase to 30 was expected. Readings above 0.0 indicate optimism, below indicate pessimism. This is bullish for EURUSD.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelNeutral
MA(200)Buy
FractalsBuy
Parabolic SARBuy

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.0975
Stop lossBelow 1.0902

Market Analysis provided by IFCMarkets