By IFCMarkets
EURUSD rising despite deteriorated German sentiment
Germany’s business sentiment deteriorated sharply in March as evidenced by the Ifo institute’s final survey results: Ifo’s business climate index slumped to 86.1 from 96.0 in February, when a drop to 87.9 was expected. Despite deteriorating German business sentiment report EURUSD setup is bullish.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Buy | |
| Donchian Channel | Buy | |
| MA(200) | Buy | |
| Fractals | Buy | |
| Parabolic SAR | Buy |
| Order | Buy |
| Buy stop | Above 1.0965 |
| Stop loss | Below 1.0891 |
Market Analysis provided by IFCMarkets