EURNZD

28 oct. 2022

After a short tendency that long before yesterday's report by the ECB which for the second times went for 75bps trying to fight inflation, the market has responded negatively due mostly to geopolitical uncertainty and other interesting factors confirming what we were already expecting of the euro and straightening the yesterday dollars bullish swing trade. the euro is not doing well therefore I'll continue to look for a downtrend entry on this pair specifically pointing 1.72649 or 72421 to fill the unbalanced area before the landing of this pairs. Overall this pair still look pretty bullish for me. from a technical point of view knowing how the DXY will bring easily down the NZD. just trade with the tendency for hopefully today and Monday. let's see how the Markey play out.

Type of trade : swing
Entry point : 1.72649 - 1.72421
pips = 72+...


Enjoy