EURNZD Lower
Trying EURNZD lower here.
With the EUR narrative taking a hit for a while now on weak economic data and a more dovish ECB, combined with extreme EUR longs i think EURNZD lower makes sense short term.
commodities are doing better, i think china worries are peaking and rate differentials are moving lower.
We also have a nice shooting star on the daily chart as well.
Not trading/investment advise, feedback welcome!
With the EUR narrative taking a hit for a while now on weak economic data and a more dovish ECB, combined with extreme EUR longs i think EURNZD lower makes sense short term.
commodities are doing better, i think china worries are peaking and rate differentials are moving lower.
We also have a nice shooting star on the daily chart as well.
Not trading/investment advise, feedback welcome!
Note
moving stop to 1.841
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.