Germany’s industrial production rose in October more than expected: industrial production rose 3.2% over month after 2.3% increase in September when an increase of 1.8% was forecast. This is bullish for EURUSD but the technical setup is bearish for the pair.
| Indicator | VALUE | Signal |
|---|---|---|
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Neutral | |
| MA(200) | Neutral | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
Summary of technical analysis
| Order | Sell |
| Buy stop | Below 1.2078 |
| Stop loss | Above 1.2139 |