Possible short on EUR/NZD

15 thg 10, 2024

I have no position yet on EUR/NZD because it is too early to enter on short. The long term pattern seems bullish for the break of the local high, but in my opinion should be a rentracement as in the picture. Be cautious because the long term is bullish but for the moment the Euro seems quite weak, let's see if BCE will cut again the interest rate, that should be a good signal to short Eur.