Smaller slowing of industrial output in Germany bullish for EURUSD
Technical Analysis Summary EUR/USD: Buy
| Indicator | Value | Signal |
| RSI | Neutral | |
| MACD | Buy | |
| Donchian Channel | Buy | |
| MA(200) | Sell | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
Chart Analysis
On 1-hour timeframe EURUSD: H1 is retracing higher toward he 200-period moving average MA(200) which is leveling off. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 1.0892. 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 1.0790. After placing the order, the stop loss is to be moved to the next fractal low, 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.
Fundamental Analysis of -
Industrial production slowed in Germany less than forecast. Will the EURUSD rise?
Industrial production growth slowed in Germany less than forecast: Germany recorded 0.3% industrial output growth over month in February after 3.2% growth in previous month, when a 0.7% decline was forecast. This is bullish for EURUSD.