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EUR/NZD Signal - EUR Markit Service PMI - 22 Jan 2021

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Signal Details
Entry Price: 
1.6901
Take Profit: 
1.6777
Stop Loss: 
1.6957
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURNZD is trending to the downside prior to the EUR Markit PMI data, which is an indicator of the economic situation in the Euro Zone services sector. Technically the pair is below the moving averages and the 1.6933 pivot, and we anticipate further dowside.

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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.