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EUR/NZD Signal - Business NZ PSI - 25 Jan 2021

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Signal Details
Entry Price: 
1.69452
Take Profit: 
1.69977
Stop Loss: 
1.68927
Direction: 
Buy
How we trade
Average: 5 (2 votes)

EUR/NZD is trading to the upside today prior to the Business NZ PSI. The Business NZ Performance of Services Index, released by Business NZ, presents business conditions in New Zealand's services sector. The PSI is an important indicator of the overall economic condition. Technically the pair is trading above the 50 moving average, and we anticipate further upside on the EUR/NZD into the 1.69977 level.

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Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion. All risks and coasts associated with online trading are your responsibility.