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EUR/NZD Signal - NZD GDP Data - 16 Sep 2020

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Signal Details
Entry Price: 
1.7611
Take Profit: 
1.7483
Stop Loss: 
1.7731
Direction: 
Sell
How we trade
Average: 5 (1 vote)

EUR/NZD is trending to the downside prior to the NZD GDP data release. Gross domestic product data is a measure of the value of all goods and services produced in New Zealand. Technically the pair has broken below the support trendline, and is trading below the 50MA and 1.7667 pivot. We anticipate downside into 1.7483.

Submitted by Toni H. on Wed, 16 Sep 2020 05:02:56 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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