EUR/NZD Signal - NZD Credit Card Spending - 21 Jul 2021

Signal Details

Entry Price:

1.7036

Take Profit:

1.7130

Stop Loss:

1.6986

Direction:

Buy

How we trade

EURNZD is trending to the upside prior to the NZD Credit Card Spending data, which reveals the spending on credit cards domestically, giving insight into the personal debt markets. Technically the pair has bounced from the 71% fibo level, the 200 15m moving average and the trendline, and we anticipate upside into the 127% fibonacci extension.

Submitted by Toni H. on Wed, 21 Jul 2021 02:44:35 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.

EUR/NZD Signal - NZD Credit Card Spending - 21 Jul 2021

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