EURNZD trade ideas
EURNZD Potential Breakout or Reversal? | Technical Analysis EURNZD Potential Breakout or Reversal? | Technical Analysis 🚀🔄
The chart illustrates a key technical setup on the EURNZD pair with both bullish and bearish possibilities depending on price action near critical zones.
🔍 Technical Highlights:
Bearish Harmonic Pattern Completed 📉
A harmonic structure has formed and completed near the resistance zone (~1.9500), triggering a bearish move towards the target at 1.90688.
Major Resistance Zone 🔺
Marked between 1.9450 - 1.9500, where previous price action showed strong rejection (highlighted by the red arrow). This remains the key zone to break for further upside.
Support & Breakout Zone 🟦
The price bounced off the support zone around 1.9068 - 1.9100, aligning with trendline support and a previous structure level. This zone also aligns with the target of the bearish harmonic move.
Trendline Retest & Bullish Continuation Possibility 🔼
The price broke above the bearish leg and is now consolidating. If price closes above 1.9350-1.9400, a potential breakout toward the 1.9500 resistance zone is expected (blue arrow).
🔄 Scenarios to Watch:
✅ Bullish Case:
Break and hold above 1.9400
Target: 1.9500 Resistance Zone
Confirmation: Strong bullish candles with volume above current range
❌ Bearish Case:
Rejection at current level (near 1.9350-1.9400)
Target: 1.9068, the harmonic completion target and support zone
Confirmation: Bearish engulfing/rejection candle with trendline break
📌 Conclusion:
EURNZD is at a crucial decision point. Watch closely for a breakout above or rejection from the current price range to determine whether the pair will retest highs or complete the bearish target move.
EURNZDEU10Y= 2.602%
EUR INTEREST RATE after governing council decision 25basis point on deposit facility 2% main refinancing operation 2.15% and marginal lending facility 2.40%
NZ10Y=4.56%
NZD INTEREST RATE =3.25%The current Official Cash Rate (OCR) in New Zealand is 3.25%. The Reserve Bank of New Zealand (RBNZ) last updated this rate on May 28, 2025, with the next update scheduled for July 9, 2025..
The OCR is the main tool used by the RBNZ to manage inflation and maintain price stability. A higher OCR generally leads to higher interest rates across the economy, which can help to cool down inflation. Conversely, a lower OCR can stimulate economic activity by lowering interest rates.
What is the OCR? official cash rate is used to achieve and maintain price stability.
New Zealand's central bank is called Reserve Bank of New Zealand (RBNZ)
BOND YIELD DIFFERENTIAL =1.96%
INTEREST RATE DIFFERENTIAL=1.25%
CARRY TRADE ADVANTAGE= FAVOUR EURNZD sell , but the internal demand structure break of supply roof shows that buying will continue despite yield and interest rate differential in favor of NZD
The technicality of sell will be on the confluence on ascending trendline supply roof .
UPCOMING FUNDAMENTAL DATA REPORT.
New Zealand
Reserve Bank of New Zealand (RBNZ) Monetary Policy Review
Date: July 9, 2025
Consensus: RBNZ is widely expected to hold the Official Cash Rate at 3.25%. Most major banks and economists forecast no change, though a minority expect a 25 basis point cut. Markets anticipate only one more cut this year, likely in Q3.
Q2 2025 Inflation Data
Date: July 21, 2025
Significance: This release will be closely watched for signs of persistent or easing price pressures, which could influence future RBNZ policy decisions.
Labor Market Data
Next Release: Early August 2025 (Q2 data)
Recent Trend: Unemployment rate stable at 5.1% in Q1, with employment growth of 0.1%.
Eurozone
ECB Policy Announcements
Next Meeting: July 18, 2025
Focus: Markets are watching for signals on the pace of further rate cuts, with the ECB expected to continue a gradual easing cycle as inflation moderates.
Eurozone Inflation (CPI)
Next Flash Estimate: July 17, 2025
Recent Data: June inflation at 2.0% year-on-year, in line with expectations.
Eurozone GDP and Employment
Next Release: July 30, 2025 (Q2 preliminary)
Recent Data: Q1 GDP growth at 0.6% quarter-on-quarter; employment up 0.2%.
Other Events to Watch
Commodity Prices: Dairy auction results and global commodity trends can impact NZD.
Chinese Economic Data: As a major trading partner, Chinese data releases (trade, GDP) can influence NZD and thus EURNZD.
Summary Table: Major Upcoming Data
Date Event/Release Region Expected Impact on EURNZD
July 9, 2025 RBNZ Policy Decision New Zealand High (rate hold/cut)
July 17, 2025 Eurozone Flash CPI Eurozone Moderate (inflation, ECB outlook)
July 18, 2025 ECB Policy Meeting Eurozone High (rate guidance)
July 21, 2025 NZ Q2 Inflation New Zealand High (future RBNZ moves)
July 30, 2025 Eurozone Q2 GDP/Employment Eurozone Moderate
Early Aug NZ Q2 Labor Market New Zealand Moderate
Market Outlook
EURNZD is sensitive to central bank policy divergence, inflation trends, and labor market data from both regions.
RBNZ’s July 9 decision and Q2 inflation will be pivotal for NZD direction, while ECB’s July meeting and Eurozone inflation will shape EUR moves.
Traders should also monitor commodity prices and Chinese economic releases for additional NZD volatility triggers.
In summary:
The next two weeks feature several high-impact events for EURNZD, led by the RBNZ policy review (July 9), Eurozone inflation and ECB meeting (July 17–18), and New Zealand’s Q2 inflation (July 21). These releases will set the tone for the cross, with policy signals and inflation data likely to drive volatility.
#eurnzd
#EURNZD:Price accumulated now time for distribution! Price completed accumulated and now we expecting a strong bullish price distribution. Next week we can see price going and crossing our target with strong bullish volume kicking in the market. Price may go beyond 2.20 region; let's see how it goes.
Good luck and trade safe!
Team Setupsfx_
Potential bullish rise?EUR/NZD has bounced off the support level which is a pullback support that aligns with the 38.2% Fibonacci retracement and could rise from this level to our take profit.
Entry: 1.92267
Why we like it:
There is a pullback support level that lines up with the 38.2% Fibonacci retracement.
Stop loss: 1.91362
Why we like it:
There is a pullback support level that lines up with the 50% Fibonacci retracement.
Take profit: 1.94477
Why we like it:
There is a pullback resistance level.
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EURNZD Eyes 1.99 — Technical & Fundamental Bulls AlignedToday, I want to analyze EURNZD ( OANDA:EURNZD ) for you, which is in good shape both technically and fundamentally .
Please stay with me.
EURNZD is moving close to the Support zone(1.88750 NZD-1.7970 NZD) and 100_SMA(Daily) and has managed to form a Double Bottom Pattern .
From the perspective of Elliott Wave theory , EURNZD seems to have completed the main wave 4 , and we should wait for the main wave 5 . The main wave 5 could complete at the Heavy Resistance zone(2.120 NZD-1.9927 NZD) .
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EURNZD – Fundamental Analysis:
The EURNZD pair currently reflects a divergence between two very different economic outlooks.
Eurozone (EUR):
The European Central Bank (ECB) has recently begun cutting interest rates to support slowing economic activity, especially in the industrial and manufacturing sectors. Despite this dovish shift, inflation remains relatively under control, and the euro has held up well against riskier currencies thanks to global uncertainty and safe-haven flows.
New Zealand (NZD):
New Zealand's economy is under pressure. The latest GDP figures confirmed a weak growth outlook, and signs of a technical recession are mounting. While the Reserve Bank of New Zealand (RBNZ) has maintained a relatively hawkish tone, it faces a dilemma: inflation is sticky, but domestic demand and housing remain fragile. The RBNZ may be forced to soften its stance sooner than expected.
Outlook:
This fundamental backdrop supports a bullish bias for EURNZD. The euro’s relative stability versus the increasingly vulnerable New Zealand dollar makes this pair attractive for long positions — especially if upcoming NZ data disappoints or global risk sentiment weakens further.
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Based on the above explanation, I expect EURNZD to rise to at least 1.9917 NZD .
Note: Stop Loss(SL): 1.8779 NZD
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/New Zealand Dollar Analyze (EURNZD), Daily time frame.
Be sure to follow the updated ideas.
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EURNZD: Time to Grow 🇪🇺🇳🇿
EURNZD is strongly bullish after a test of a key horizontal support.
A bullish violation of a resistance line of a falling channel provide
a strong bullish signal.
Goal - 1.936
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EUR/NZD Breakout Done , Long Setup Valid To Get 250 Pips !Here is my EUR/NZD 4H Chart and my opinion is we have now a very good breakout after a lot of time in sideway so we can buy this pair if the price go back to retest the broken res and new support , so we should wait the price to go back to retest it and if we have a good bullish price action then we will enter a buy trade and targeting a new high .
War shock moves EURNZD: breakout targets 196.69The US strike on Iran hit risk currencies hard. NZD, AUD, and JPY dropped, while EURNZD broke out of a rectangle pattern. We analyse the setup, target at 196.69, and possible entry zones. Would you trade this in wartime volatility?
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The Trap Has Been Set. Will Price Take the Bait?EURNZD just broke structure on the 4H chart and is now pulling back into a zone where things could get interesting. After the initial drop, price is retracing into an area filled with imbalance and liquidity.
This looks like a setup where the market may lure in buyers before making its next move lower. If sellers step in where expected, we could see a clean continuation to the downside.
As long as price remains beneath that reaction zone, the bearish narrative stays intact. One to keep an eye on in the coming sessions.
Just a word of caution : Always wait for a clear change of character on the 15-minute timeframe before considering any entry. If that confirmation doesn’t show up, price can easily break through the zone and continue climbing.
EUR_NZD WILL KEEP GROWING|LONG|
✅EUR_NZD is going up
Now and the pair made a bullish
Breakout of the key horizontal
Level of 1.9250 and the breakout
Is confirmed so we are bullish
Biased and we will be expecting
A further bullish move up on Monday
LONG🚀
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EUR/NZD Daily AnalysisAs we can see, price was printing lower highs from mid April this year, and at the same time, was getting squeezed into the 1.8850 level.
With the buyers defending 1.8850 successfully, it was just a matter of time before either resistance or support was breached.
In June we saw a break to the upside and the trendline tested for several days before buyers took price higher than it's been in over a month.
If you agree with this analysis, look for buys setups that meet your strategy rules.
EUR/NZD Eyes Further Gains After 600-Pip RallyEUR/NZD became bullish after dropping to the 1.8850 area. Since then, the price has moved up by about 600 pips. Right now, it is at an important resistance level. If the price breaks above this resistance and holds, it could continue to rise toward the next target around 1.9650. This breakout could be a sign that buyers are still strong and aiming for higher levels.
EUR_NZD LOCAL SHORT|
✅EUR_NZD is set to retest a
Strong resistance level above at 1.9488
After trading in a local uptrend for some time
Which makes a bearish pullback a likely scenario
With the target being a local support below at 1.9420
SHORT🔥
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EURNZD – Buy the Dip at Trendline and EMA SupportTrade Idea
Type: Buy Limit
Entry: 1.9367
Target: 1.9549
Stop Loss: 1.9306
Duration: Intraday
Expires: 04/07/2025 06:00
Technical Overview
The short-term bias remains positive, with intraday dips consistently attracting buyers.
Price action suggests that the sequence of higher lows and higher highs is still intact, with no clear sign of trend exhaustion.
Trendline support at 1.9330 and the 20-period 4H EMA at 1.9366 align near the proposed entry, strengthening the support zone.
A rebound from this area could confirm continuation toward resistance at 1.9549.
No major economic events are expected in the next 24 hours, allowing technical factors to dominate intraday price action.
Key Technical Levels
Support: 1.9360 / 1.9327 / 1.9262
Resistance: 1.9438 / 1.9488 / 1.9550
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