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.

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

 

Summary of technical analysis

Order Buy
Buy stop Above 1.0975
Stop loss Below 1.0902

Market Analysis provided by IFCMarkets


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