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.

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

 

Summary of technical analysis

Order Buy
Buy stop Above 1.0903
Stop loss Below 1.0871

Market Analysis provided by IFCMarkets


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