EURUSD Analysis: EURUSD rising despite deteriorated German sentiment

March 26, 2020

By IFCMarkets

EURUSD rising despite deteriorated German sentiment

Germany’s business sentiment deteriorated sharply in March as evidenced by the Ifo institute’s final survey results: Ifo’s business climate index slumped to 86.1 from 96.0 in February, when a drop to 87.9 was expected. Despite deteriorating German business sentiment report EURUSD setup is bullish.

Indicator VALUE Signal
RSI Neutral
Donchian Channel Buy
MA(200) Buy
Fractals Buy
Parabolic SAR Buy


Summary of technical analysis

Order Buy
Buy stop Above 1.0965
Stop loss Below 1.0891

Market Analysis provided by IFCMarkets

Get our Weekly Commitment of Traders Report: - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.

Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter