mentorbd

EUR/NZD bullish Bias & Target 1.5595 to 1.5615

Long
FX:EURNZD   Euro / New Zealand Dollar
EUR/NZD is in a bullish bias and considering the election it could be possible that this tendency could have a european policy and management support. The currency pair has been dominated by a slightly bullish position tendency with different corrections along the trendlines.
The best way to think of this pair is as representative of southeastern Asian economies against the Eurozone. There are also occasional opportunities based on agriculture prices (New Zealand's primary industry). At times, this pair has been profitable for carry bullish bias trading .I hope that it will be bullish target level 1.5615 very soon and also you can set up stop loss 1.5200 level

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.