EURNZD Lower
Updated
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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