AD4499
Long

EUR/NZD long Idea

FX:EURNZD   Euro Fx/New Zealand Dollar
39 1 0
The recent rate decision and PA suggest that NZD rate cut is not priced in. therefore, with the nice support base from 20MA and 50 MA weekly leves shows great upside. on the downside if no rate cut happens this pair is establishing a falling knife and would be a relatively profitable short on the break of the 1.57 level. Either way decision-time is clear for NZD.
Comment: NZD rate cut may pull it dowwn but overall the outlook of this pair is Bullish
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