Will the monthly support hold for EURNZD
Looking at the monthly price chart. EURNZD is currently on monthly lows. The move that brought the price to recent lows was a big sell-off in October. My RSI is a bit oversold and My sentiment on NZD is Neutral. A positive Q3 GDP might start to add some strength to EUR and validate the support. Looking at the daily, the price is still at support. Looking for a good entry around 1.61382. Targeting weekly high at 1.62990. A Negative GDP today is still good for us unless the price goes below the monthly low 1.61363 and closes. Thanks.
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