EURUSD Analysis: Recovering Ifo index bullish for EURUSD

May 25, 2020

By IFCMarkets

Recovering Ifo index bullish for EURUSD

Ifo’s business climate index for Germany recovered in May: the index rose from 74.2 points in April to 79.5 points in May, when an increase to 78.3 was expected. This is bullish for EURUSD.

IndicatorVALUESignal
RSINeutral
MACDBuy
Donchian ChannelSell
MA(200)Buy
FractalsNeutral
Parabolic SARBuy

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.0903
Stop lossBelow 1.0871

Market Analysis provided by IFCMarkets