FxWirePro
Short

EUR/NZD medium-term outlook

FX:EURNZD   Euro / New Zealand Dollar
116 0 3
EUR/NZD extends downside, hits fresh one-year low of 1.5220, momentum heavily bearish , we see scope for test of 1.4128 levels.

The pair has broken below 200-SMA on the weekly charts, Technical indicators are heavily bearish .

Uncertainty in the euro             area post-Brexit and rising commodity prices (which are supportive for NZD) weigh negatively for the pair.

Bearish invalidation only above 50-DMA currently at 1.6182

Good to go short on rallies, SL: 1.6182, target: 1.5080/1.4787/1.4128
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out