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EUR/NZD Signal - EUR ECB Lagarde Speech - 8 Jul 2021

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Signal Details
Entry Price: 
1.6868
Take Profit: 
1.6709
Stop Loss: 
1.6927
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURNZD has traded into resistance prior to the ECB Lagarde speech, which provides insight into the ECB forecast of monetary policy. Technically the pair is at resistance, and moving average resistance, and we anticipate downside today into the 1.6709 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.