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EUR/NZD Signal - EUR Consumer Confidence Data - 29 Apr 2021

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Signal Details
Entry Price: 
1.6683
Take Profit: 
1.6596
Stop Loss: 
1.6740
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURNZD has corrected in an opening wedge pattern prior to economic data out of the Eurozone today. There are a number of significant data points out of the EU, and we anticipate the data to disappoint. Technically the pair is in an opening wedge corrective pattern, and we anticipate the downtrend to continue into the 1.6596 level.

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EUR/NZD Signal - EUR Consumer Confidence Data - 29 Apr 2021
Submitted by Toni H. on Thu, 29 Apr 2021 01:44:32 GMT

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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.

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