{"id":170082,"date":"2020-05-06T11:35:36","date_gmt":"2020-05-06T15:35:36","guid":{"rendered":"https:\/\/www.countingpips.com\/?p=170082"},"modified":"2020-05-06T08:50:53","modified_gmt":"2020-05-06T12:50:53","slug":"eurusd-analysis-contracting-service-sector-in-euro-zone-bearish-for-eurusd","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2020\/05\/eurusd-analysis-contracting-service-sector-in-euro-zone-bearish-for-eurusd\/","title":{"rendered":"EURUSD Analysis: Contracting service sector in euro-zone bearish for EURUSD"},"content":{"rendered":"
May 6, 2020<\/div>
\r\n<\/div><\/div>

By IFCMarkets<\/a><\/strong><\/p>\n

Contracting service sector in euro-zone bearish for EURUSD<\/strong><\/p>\n

Euro-zone\u2019s Service PMI final reading confirmed the sector continued contracting: Markit report indicated the services PMI ticked up to 12 after falling to 11.7 in March. Readings above 50.0 mean industry expansion, below indicate contraction. This is bearish for EURUSD.<\/p>\n\n\n\n\n\n\n\n\n\n\n
Indicator<\/th>\nVALUE<\/th>\nSignal<\/th>\n<\/tr>\n<\/thead>\n
RSI<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MACD<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
Donchian Channel<\/td>\n<\/td>\nNeutral<\/td>\n<\/tr>\n
MA(200)<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n
Fractals<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n
Parabolic SAR<\/td>\n<\/td>\nSell<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

 <\/p>\n

Summary of technical analysis<\/h2>\n\n\n\n\n\n
Order<\/b><\/td>\nSell<\/td>\n<\/tr>\n
Buy stop<\/b><\/td>\nBelow 1.0781<\/td>\n<\/tr>\n
Stop loss<\/b><\/td>\nAbove 1.0841<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Market Analysis provided by IFCMarkets<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

By IFCMarkets Contracting service sector in euro-zone bearish for EURUSD Euro-zone\u2019s Service PMI final reading confirmed the sector continued contracting: Markit report indicated the services PMI ticked up to 12 after falling to 11.7 in March. Readings above 50.0 mean industry expansion, below indicate contraction. This is bearish for EURUSD. Indicator VALUE Signal RSI Neutral […]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-170082","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170082","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=170082"}],"version-history":[{"count":2,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170082\/revisions"}],"predecessor-version":[{"id":170086,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/170082\/revisions\/170086"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=170082"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=170082"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=170082"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}