EURNZD Structure Signals Potential Downside MoveEURNZD Structure Signals Potential Downside Move 
EURNZD is currently testing a key resistance zone between 2.0270 and 2.0310, an area that has acted as a strong supply zone in the past. The pair has shown multiple rejections around this level, suggesting that buyers are losing momentum and sellers
About Euro / New Zealand Dollar
The Euro vs. the New Zealand Dollar. The New Zealand dollar had performed well against the Euro recently because it is often considered to be a proxy for the Chinese growth. Eurozone weakness may limit any significant reversal if concerns about Chinese growth occurs as the country shifts from export lead growth. The NZD has benefited from the recent Euro-zone difficulties due to idle cash efforts to find strong, secure yields.
Related currencies
EURNZD found a strong support area near 2.0080EURNZD found a strong support area near 2.0080
 
The price has already reacted, indicating the presence of bulls in that area. EURNZD is positioned to rise again.
Today the ECB left interest rates unchanged as expected at 2.15% Main Refinancing Operations Rate and Deposit Rate at 2%. This was a sli
EURNZD: Another Gap 🇪🇺🇳🇿 
There is a high chance that EURNZD will fill a gap down
opening soon.
A bullish breakout of a falling trend line on an hourly time frame
indicates a strong buying pressure.
Expect a rise to 2.0226
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EURNZD: Building Momentum for a Fresh Upside LegEURNZD has been trading within a rising channel, and the recent pullback looks more like consolidation than a breakdown. With the euro gaining relative support from firmer ECB inflation signals and the kiwi weighed down by soft global growth and commodity challenges, the setup leans toward a bullish
Bearish drop off?EUR/NZD has rejected off the resistance level, which is an overlap resistance that aligns with the 38.2% Fibonacci retracement, and could drop from this level to our take profit.
Entry: 2.02391
Why we like it:
There is an overlap resistance level, which is an overlap resistance that aligns with the
EURNZD: Well positioned again for another bearish moveEURNZD: Well positioned again for another bearish move 
From our previous analysis of EURNZD, the price has transformed the picture to bullish and now it has changed back to bearish.
The pattern is strong and bearish, the main problem lies in NZD. It has been very weak for a long time without any 
EURNZD| Confirmation in Key Discounted ZoneHigher timeframes show strong bullish structure, with recent highs already broken in previous weeks. Instead of remapping completely, we’ve refined previous markings and updated key levels to reflect the current flow.
Our focus remains on continuation from the higher timeframe perspective, with mid
Bearish drop off?EUR/NZD has reacted off the pivot and could drop to the 1st support which acts as an overlap support that aligns with the 50% Fibonacci retracement.
Pivot: 2.02316
1st Support: 2.00328
1st Resistance: 2.03475
Disclaimer:
The above opinions given constitute general market commentary, and do not c
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Summarizing what the indicators are suggesting.
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Oscillators
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Summary
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Moving Averages
Neutral
SellBuy
Strong sellStrong buy
Strong sellSellNeutralBuyStrong buy
Displays a symbol's price movements over previous years to identify recurring trends.
Frequently Asked Questions
The current rate of EURNZD is 2.02072 NZD — it has increased by 0.31% in the past 24 hours. See more of EURNZD rate dynamics on the detailed chart.
The value of the EURNZD pair is quoted as 1 EUR per x NZD. For example, if the pair is trading at 1.50, it means it takes 1.5 NZD to buy 1 EUR.
The term volatility describes the risk related to the changes in an asset's value. EURNZD has the volatility rating of 0.33%. Track all currencies' changes with our live Forex Heatmap and prepare for markets volatility.
The EURNZD showed a 0.04% rise over the past week, the month change is a −0.18% fall, and over the last year it has increased by 11.16%. Track live rate changes on the EURNZD chart. 
Learn how you can make money on rate changes in numerous trading ideas created by our community.
Learn how you can make money on rate changes in numerous trading ideas created by our community.
EURNZD is a minor currency pair, i.e. a popular pair that is not associated with USD. Such pairs are also called cross currency pairs.
Currencies are usually traded through forex brokers — choose the one that suits your needs and go ahead. You can trade EURNZD right from TradingView charts — just log in to you broker account. Check out the list of our integrated brokers and find the best one for your needs and strategy.
When deciding to buy or sell currency one should keep in mind many factors including current geopolitical situation, interest rates, and other. But before plunging into a deep research, you can start with EURNZD technical analysis. The technical rating for the pair is buy today, but don't forget that markets can be very unstable, so don't stop here. According to our 1 week rating the EURNZD shows the buy signal, and 1 month rating is buy. See more of EURNZD technicals for a more comprehensive analysis.









