By IFCMarkets
EURUSD rising despite drop in Ifo business sentiment index
Business sentiment in Germany deteriorated more than expected in April: the IFo business climate index dropped to 74.3 in April, after declining to 85.9 in March, when a drop to 79.8 was forecast. This is bearish for EURUSD but the technical setup is bullish for the pair.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Buy | |
| Donchian Channel | Buy | |
| MA(200) | Sell | |
| Fractals | Buy | |
| Parabolic SAR | Sell |
| Order | Buy |
| Buy stop | Above 1.0860 |
| Stop loss | Below 1.0820 |
Market Analysis provided by IFCMarkets