EURUSD Analysis: Euro-zone’s manufacturing sector decline slowing bullish for EURUSD

June 23, 2020

By IFCMarkets

Euro-zone’s manufacturing sector decline slowing bullish for EURUSD

Euro-zone’s service sector contraction slowed for second month in June: the flash manufacturing PMI rose to 46.9 from 39.4 in May, when an increase to 43.9 was expected. This is bullish for EURUSD.

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

 

Summary of technical analysis

OrderBuy
Buy stopAbove 1.1304
Stop lossBelow 1.1232

Market Analysis provided by IFCMarkets