Falling euro-zone inflation bearish for EURUSD
Technical Analysis Summary EUR/USD: Sell
| Indicator | Value | Signal |
| RSI | Neutral | |
| MACD | Sell | |
| Donchian Channel | Sell | |
| MA(200) | Buy | |
| Fractals | Sell | |
| Parabolic SAR | Sell |
Chart Analysis
On 1-hour timeframe EURUSD: H1 is falling toward the 200-period moving average MA(200) which is levelling off. We believe the bearish movement will continue after the price breaches below the lower bound of the Donchian channel at 1.0926. A level below this can be used as an entry point for placing a pending order to sell. The stop loss can be placed above 1.1032. After placing the order, the stop loss is to be moved to the next fractal high, 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.
Fundamental Analysis of -
Euro-zone inflation fell more than expected. Will the EURUSD continue sliding?
Euro-zone inflation fell in March: the consumer price index growth slowed to 0.7% over year after 1.2% growth in February, when a decline to 0.8% was expected. This is bearish for EURUSD.