FX:EURNZD   Euro Fx/New Zealand Dollar
18 0 2
I have entered long on the EUR/NZD @ 1.6905 with a stop loss @ 1.6680 on the daily break out of the descending trend line . At this moment I do not have a target except the last swing high of 1.8 but would consider exiting this trade when / if euro             hit 1.400 against the dollar as there may be pressure on the euro             at this price.

Fundamentally I expect the EUR to stay supported against the USD on the dampening sentiment for the number of FED rate hikes in 2016 and also Euro             safe haven flows.

I expect the NZD to stay pressured with the RBNZ possibly cutting rates at their next meeting on 10-03-2016.

The risk to this trade will be euro             intervention at any Draghi speeches, although none are planned over the next few weeks.
Trade closed manually: I closed this trade out manually when the price completely retraced the gains the day before on 10-02-2015 for a 15 pip loss.
Ideas Scripts Chart
United States
United Kingdom
India
España
France
Italia
Brasil
Россия
Türkiye
日本
한국
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out