EURUSD forecast bearish despite smaller decline in trade surplus in euro-zone
Technical Analysis Summary EUR/USD: Sell
| Indicator | VALUE | Signal |
| RSI | Neutrální | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(200) | Sell | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
Chart Analysis
The EURUSD technical analysis of the price chart on 1-hour timeframe shows EURUSD: H1 is falling under the 200-period moving average MA(200) which is falling itself. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 1.2117. 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 1.2154. 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.
Fundamentální analýza -
Trade surplus in euro-zone declined less than expected in November. Will the EURUSD retreat reverse?
Trade surplus in euro-zone declined less than expected in November: the Eurostat reported trade surplus declined to 25.1 billion euro from 25.2 billion in October when 22.3 billion surplus was forecast. This is bullish for EURUSD. However, the current forecast is bearish for EURUSD.