EURNZD - Sell on Intraday Pullbacks!
The Euro has held up recently due to the US Dollar weakness.
However, ECB Villeroy said Europe was facing great economic
uncertainties, with trade tension the biggest threat to growth.
On the data front, Eurozone CPI was softer than expected.
At the same time, Kiwi did receive a bit of support after the
RBNZ Assistant Governor said rates would remain 'broadly'
around current levels.
Tomorrow's ECB meeting is forecast to be on the dovish side.
We expect more weakness in EurNzd going forward.
Prefer intraday pullbacks towards 0.7000 to get aboard.
However, ECB Villeroy said Europe was facing great economic
uncertainties, with trade tension the biggest threat to growth.
On the data front, Eurozone CPI was softer than expected.
At the same time, Kiwi did receive a bit of support after the
RBNZ Assistant Governor said rates would remain 'broadly'
around current levels.
Tomorrow's ECB meeting is forecast to be on the dovish side.
We expect more weakness in EurNzd going forward.
Prefer intraday pullbacks towards 0.7000 to get aboard.
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