EURNZD - BULLISH BIAS
EUR - BULLISH
1️⃣ Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies.
2️⃣ The IHS Markit Eurozone Manufacturing PMI was revised higher to 51.8 in July 2020.
NZD - BEARISH
1️⃣ NZ joining the throng of countries cutting extradition ties with Hong Kong in response to China's new national security law.
2️⃣ Risk-off market sentiment expected as surging coronavirus infection rates across the US dampens investor hopes of economic recovery.
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TECHNICAL
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📊 We look to buy on RBS level + SMA50 area
📊 EURNZD in bullish zone.
1️⃣ Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies.
2️⃣ The IHS Markit Eurozone Manufacturing PMI was revised higher to 51.8 in July 2020.
NZD - BEARISH
1️⃣ NZ joining the throng of countries cutting extradition ties with Hong Kong in response to China's new national security law.
2️⃣ Risk-off market sentiment expected as surging coronavirus infection rates across the US dampens investor hopes of economic recovery.
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TECHNICAL
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📊 We look to buy on RBS level + SMA50 area
📊 EURNZD in bullish zone.
Trade closed: target reached
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Disclaimer
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.