EURO - Bearish
1️⃣ The ECB President Christine Lagarde said that the economic recovery remained fragile despite upbeat economic readings.
2️⃣ The European Central Bank is likely to remain cautious about changing monetary policy until more solid economic data shows improving conditions.
3️⃣ German factory orders were weaker than expected results in the Euro currency to keep suppressed.
NZD - Bullish
1️⃣ Investors turned to a higher-yielding currency such as NZD following positive US jobs data.
2️⃣ ASB Bank expected the RBNZ to raise the OCR in November this year.
=====
TECHNICAL
=====
We're shorting this pair on SBR level + pivot point area + SMA50 area on H1 chart.
TRADE AT YOUR OWN RISK!!!!!
1️⃣ The ECB President Christine Lagarde said that the economic recovery remained fragile despite upbeat economic readings.
2️⃣ The European Central Bank is likely to remain cautious about changing monetary policy until more solid economic data shows improving conditions.
3️⃣ German factory orders were weaker than expected results in the Euro currency to keep suppressed.
NZD - Bullish
1️⃣ Investors turned to a higher-yielding currency such as NZD following positive US jobs data.
2️⃣ ASB Bank expected the RBNZ to raise the OCR in November this year.
=====
TECHNICAL
=====
We're shorting this pair on SBR level + pivot point area + SMA50 area on H1 chart.
TRADE AT YOUR OWN RISK!!!!!
Trade active
Trade closed manually:
CLOSE POSITION ON 1.67900