With COT showing more speculators still going long on EUR despite recent political risks about Merkel, and Catalonia ceding from Spain, while NZD continues to go bearish amidst on-going economic growth concerns, waiting for a bullish breakout, with TP at 1.70 and tight SL between R1-R2 pivot lines (hourly chart).
www.fxstreet.com/ana...and-eur-201710101517
www.forexlive.com/ne...e-lower-nzd-20171010
Daily:
Weekly:
Confidence: B (despite strong support in fundamentals and sentiment, there are still political risks to be considered, and looking at its weekly support and resistance, it's possible that this pair might reverse and go on a correction soon instead of breaking out or immediately after breaking out)
www.fxstreet.com/ana...and-eur-201710101517
www.forexlive.com/ne...e-lower-nzd-20171010
Daily:
Weekly:
Confidence: B (despite strong support in fundamentals and sentiment, there are still political risks to be considered, and looking at its weekly support and resistance, it's possible that this pair might reverse and go on a correction soon instead of breaking out or immediately after breaking out)