EUR - BEARISH 1️⃣ Eurozone economy is recovering but most of the region still in lockdown.
NZD - BULLISH 1️⃣ Supported by a weaker US dollar and a better employment report for Q1 in New Zealand continues to provide support to the NZD. 2️⃣ April's housing data revealed that the government's steps to curb the housing bubble have yet to have the desired impact, the latter is set to be closely scrutinized.
===== Technical =====
We are selling the EURNZD at resistance + below SMA 50 on the H1 chart.
===== Risk to this trade =====
Any change in sentiment could turn the pair's direction.
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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.