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EUR/NZD Signal - EUR Markit Composite PMI - 4 Nov 2021

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Signal Details
Entry Price: 
1.6189
Take Profit: 
1.6050
Stop Loss: 
1.6310
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EUR/NZD has bounced from resistance prior to the EUR Markit Composite PMI data, which are based on a large number of business executives in private sector manufacturing and services companies. Technically the pair is trading to the downside, and has broken the corrective ascending trendline. We anticipate continued downside into the 1.6050 level.

Submitted by Toni H. on Thu, 04 Nov 2021 00:13:16 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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