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EUR/NZD Signal - EUR Ecofin Meeting - 12 Nov 2021

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Signal Details
Entry Price: 
1.6340
Take Profit: 
1.6540
Stop Loss: 
1.6240
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURNZD is trending to the upside today, having broken above the resistance trendline and bearish structure. The RSI is pointing to further upside, and the 1H moving averages are now in a bullish cross. We anticipate continued upside into the 1.6540 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.