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EUR/NZD Signal - EUR Germany GDP Data - 29 Jan 2021

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Signal Details
Entry Price: 
1.6893
Take Profit: 
1.7033
Stop Loss: 
1.6810
Direction: 
Buy
How we trade
Average: 5 (1 vote)

EURNZD has had recent upside and corrected prior to Germany's GDP Data. The Gross Domestic Product is a measure of all the goods and services produced domestically, with a higher reading being bullish and a lower reading being bearish for the local currency. Technically the pair is holding above the 1.6872 pivot and we anticipate upside.

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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.