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EUR/NZD Signal - EUR Sentix Investor Confidence - 10 May 2021

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Signal Details
Entry Price: 
1.6692
Take Profit: 
1.6596
Stop Loss: 
1.6740
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EURNZD is trending to the downside today prior to the EUR Sentix data, which shows the confidence of around 1600 institutional analysts and investors in the EU economy. Technically the pair has broken the trendline support and given two upside rejections of the resistance level. We anticipate downside into the 1.6596 level.

Submitted by Toni H. on Mon, 10 May 2021 05:39:05 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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