- Analytics
- Weekly Video Overview
EU50 Price Bias Is Still Bearish
The EU50, D1 price forecast in our July 28, 2020 technical analysis was bearish.
- Market data after EU50, D1 July 28, 2020 technical analysis still indicate bearish bias.
- EU50, D1 has closed 3.4% lower on July 31, 2020.
- Euro-zone economy contracted by 12.1% in the second quarter of 2020.
Here is what indicators show as of August 3, 2020:
- The Parabolic Indicator gives a bearish signal.
- The Bollinger Bands give a neutral signal.
- The MACD indicator gives a bearish signal.
- The RSI oscillator gives a bearish signal.
- The Fractals give a bearish signal.
- The MA(200) Indicator gives a bearish signal.
So the bearish forecast still stands for the EU50, D1.
Order | SELL |
Sell stop | Below 3183.20 |
Stop loss | Above 3468.29 |
Eurostat’s July 31, 2020 preliminary report
New Exclusive Analytical Tool
Any date range - from 1 day to 1 year
Any Trading Group - Forex, Stocks, Indices, etc.