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IvanLabrie
Jun 30, 2017 8:55 PM

EURNZD: Interesting weekly uptrend potential Long

Euro Fx/New Zealand DollarFXCM

Description

EURNZD is an interesting pair here, with NZDUSD very overextended, and EURUSD in a monthly rally, it becomes a low risk trade opportunity for the technical trader. Fundamentals imply weakness in the dollar, and it might be a good idea to consider seeking to profit from the imbalance between certain currencies, trading cross pairs that are over extended.

Best of luck,

Ivan Labrie.

Comment

Trade closed manually

If still in, consider banking it. Gold might strengthen the Kiwi, making this pair stop trending.
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