14-11 EURNZD
14-11 EURNZD The economic data indicates that this pair is entering an uptrend. We have placed a buy in at 1.79965 with the target of the top of the end of October. Our signal system gives the following score +7, built up from the following data: Cot Data 2, Retail sentiment 1, Seasonality -1, Trend reading 0, GDP -1, Manufacturing PMI 0, Services PMI 1, Retail Sales 2, Inflation 1, Employment Change 2, Unemployment Rate 1, Interest Rates -1. You can see that the inflation on the European side is better than with the New Zealanders. The development of unemployment is also better in Europe. When there is a trend change the sl is at 1.78, the bottom from the beginning of this week.
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.