EUR/NZD - Subjective Upside and Downside
Significant resistance line at the 1.76000 level which has been persistent for majority of Q2.
Risk Off sentiment today alongside Euro strength has cause the rally in the Euro after breaking below the support line recently.
The recent reopening and removal of from NZD quickly removed from the picture with Risk Off sentiment across the globe.
Technicals illustrated in the Text Box
Trade Idea: (SL subjective comment for advise) SL typically for this pair is 80 + pips.
Green - Buy TP 1.78000 (Strong Euro & Risk Off)
Red - Sell TP 1.740000 (Risk Off & NZD re- opened)
Broad Idea for TP due to swinging fundamentals
Risk Off sentiment today alongside Euro strength has cause the rally in the Euro after breaking below the support line recently.
The recent reopening and removal of from NZD quickly removed from the picture with Risk Off sentiment across the globe.
Technicals illustrated in the Text Box
Trade Idea: (SL subjective comment for advise) SL typically for this pair is 80 + pips.
Green - Buy TP 1.78000 (Strong Euro & Risk Off)
Red - Sell TP 1.740000 (Risk Off & NZD re- opened)
Broad Idea for TP due to swinging fundamentals
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