EURUSD forecast bearish after German industrial output report
Resumen de análisis técnico EUR/USD: Vender
| Indicador | Valor | Señal |
| MACD | Vender | |
| Donchian Channel | Vender | |
| MA(200) | Comprar | |
| Fractals | Neutral | |
| Parabolic SAR | Vender | |
| On Balance Volume | Neutral |
Análisis gráfico
The EURUSD technical analysis of the price chart on 1-hour timeframe shows EURUSD: H1 is retracing lower toward the 200-period moving average MA(200) which is rising still. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 1.1873. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.1909. After placing the order, the stop loss is to be moved to the next fractal high indicator, following Parabolic signals. Thus, we are changing the expected profit/loss ratio to the breakeven point. If the price meets the stop loss level without reaching the order, we recommend cancelling the order: the market has undergone internal changes which were not taken into account
Análisis fundamental de -
Germany’s industrial production continued to decline in February. Will the EURUSD retreat resume ?
Germany’s industrial production continued to decline in February: the federal statistics agency Destatis reported German industrial output fell 1.6% over month in February after 2% drop in January, when a 1.6% increase was forecast. This is bearish for EURUSD.