Rising German import prices bullish for EURUSD
Technical Analysis Summary Euro Dollaro: Buy
| Indicator | VALUE | Signal |
| RSI | Neutro | |
| MACD | Neutro | |
| Donchian Channel | Neutro | |
| MA(200) | Buy | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
Chart Analysis
On 1-hour timeframe EURUSD: H1 is rising above the 200-period moving average MA(200) which is rising itself. We believe the bullish movement will continue after the price breaches above the upper bound of the Donchian channel at 1.1932. 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 1.1910. 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.
Analisi Fondamentale -
Germany’s import prices rose in October. Will the EURUSD rebound continue?
Germany’s import prices rose in October: the index of import prices rose by 0.3% over month when no change was expected. This is bullish for EURUSD.