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EUR/NZD Signal - EUR Retail Sales - 3 Sep 2021

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Signal Details
Entry Price: 
1.6702
Take Profit: 
1.6567
Stop Loss: 
1.6810
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURNZD is trending to the downside prior to the EUR Retail Sales data, which shows the total receipts for retail stores in the Eurozone. Technically the pair is below trendline resistance, and the RSI is at bearish levels. We anticipate continued downside into the 1.6567 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.