EURUSD Analysis : EURUSD bias bearish despite recovering German consumer confidence

June 25, 2020

By IFCMarkets

EURUSD bias bearish despite recovering German consumer confidence

Consumer confidence in Germany continued to recover in June: German GfK consumer climate index rose to -9.6 in June from -18.6 in May, when a recovery to -11.7 was expected. This is bullish for EURUSD, but the pair is still falling.

IndicatorVALUESignal
RSINeutral
MACDSell
Donchian ChannelSell
MA(200)Sell
FractalsSell
Parabolic SARSell

 

Summary of technical analysis

OrderSell
Buy stopBelow 1.1214
Stop lossAbove 1.1259

Market Analysis provided by IFCMarkets