EURUSD forecast bullish as German producer prices rise
Resumen de análisis técnico EUR/USD: Comprar
| Indicador | Valor | Señal |
| RSI | Comprar | |
| MACD | Comprar | |
| Donchian Channel | Neutral | |
| MA(200) | Vender | |
| Fractals | Vender | |
| Parabolic SAR | Comprar |
Análisis gráfico
The technical analysis of the EURUSD price chart on 1-hour timeframe shows EURUSD: H1 is attempting to rebound toward the 200-period moving average MA(200) which is falling. And the RSI indicator has formed a bullish divergence. We believe the bullish momentum will resume after the price breaches above the upper bound of the Donchian channel at 1.1718. A level above this can be used as an entry point for placing a pending order to buy. The stop loss can be placed below 1.1691. After placing the order, the stop loss is to be moved to the next fractal low 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 -
German producer prices continued to rise in August. Will the EURUSD price continue retreating?
German producer prices continued to rise in August. The federal statistics office Destatis reported Producer Price Index (PPI) rose 12% over year in August after 10.4% gain in July. This is bullish for EURUSD.