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EUR-NZD

EURNZD: Classic Double Bottom Trade Explained hey guys, long trade went active this morning on EURNZD. reasons: the pair has reached a strong daily/4h structure. based on that the market has stoped and formed a double bottom formation on a lower timeframe. then after a confirmed bullish breakout of a minor structure, I went long on 382 retest of a minor bullish leg. now I anticipate a bullish continuation. with stop lying below the bottoms, the position is protected. targets are based on hourly structure.
Long
by VasilyTrader
11
Is there upside for the EUR/USD?The European Commission wants to borrow €750B to help European Nations less capitalized. This is on the back Germany and France’s proposal for a €500B fund intended to be given as grants to poorer nations such as Italy and Spain. Financial times estimate that Italy could be in line to get close to €82B The extra €250B was suggested by the European Commission in order to fund loans to member states. This tested a critical 1.099 resistance level as bulls rode the rally up on the good news. How is the European Union going to pay for the grants? European Commission President Ursula von der Leyen is proposing a myriad of taxes to pay for this fund. These taxes include a tax on plastic, carbon usage and big tech, raising billions of euros a year. What is the long-term view on the EUR/UISD? As many countries, Europe is being propped up with billions of dollars of quantitative easing. Historically, quantitative easing has put pressure to the downside for the currencies the central banks directly deal with. However, if all the central banks are implementing unprecedented quantitative easing measures, what will dictate the which currency outperforms? It is highly likely that the currencies that outperform are those whose governments lead and excel in their long term actions with regards to the Coronavirus. If we take a look at the reutrns of some currencies against the USD We can see that debatably, the currencies that have had the largest returned implemented effective Coronavirus policies. The risk off rally giving the USD its initial boost have mostly disappeared as risk on sentiment starts in the markets. It is obvious that there are more factors in play, however it is interesting to note the comparison. Are you bullish on the Euro?
by BlackBull_Markets
1
EURNZD - Price action bottoming out in the short term? EURNZD is Bullish - We look to Buy at 1.7865 ▪️ Continued downward momentum from 1.8263 resulted in the pair posting net daily losses yesterday. ▪️ Negative overnight flows lead to an expectation of a weaker open this morning. ▪️ We have a 61.8% Fibonacci pullback level of 1.7854 from 1.7601 to 1.8263. ▪️ Further upside is expected although we prefer to set longs at our bespoke support levels at 1.7865, resulting in improved risk/reward. ▪️ Expect trading to remain mixed and volatile. Stop: 1.7795 Target1: 1.8140 Target2: 1.8255
Long
by Signal_Centre