EURO - Weak Bearish
1️⃣ Both Manufacturing and Services PMIs in the Eurozone declined in September.
2️⃣ Political uncertainty in Germany could affect the value of the EUR.
NZD - Weak Bullish
1️⃣ Sentiment improved after the Fed issued a hawkish tone at the FOMC meeting.
2️⃣ New Zealand’s GDP grew by 2.8% in the second quarter of 2021.
3️⃣ New Zealand’s annual inflation rate rose to 3.3% in the second quarter of 2021.
4️⃣ New Zealand’s unemployment rate dropped to 4.0% in the second quarter of 2021.
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Technical
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We are selling the EURNZD after it failed to break the resistance.
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Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
1️⃣ Both Manufacturing and Services PMIs in the Eurozone declined in September.
2️⃣ Political uncertainty in Germany could affect the value of the EUR.
NZD - Weak Bullish
1️⃣ Sentiment improved after the Fed issued a hawkish tone at the FOMC meeting.
2️⃣ New Zealand’s GDP grew by 2.8% in the second quarter of 2021.
3️⃣ New Zealand’s annual inflation rate rose to 3.3% in the second quarter of 2021.
4️⃣ New Zealand’s unemployment rate dropped to 4.0% in the second quarter of 2021.
=====
Technical
=====
We are selling the EURNZD after it failed to break the resistance.
=====
Risk to this trade
=====
Any change in sentiment could turn the pair's direction.
Don't forget to like, comment, and subscribe for more ideas.
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❌ TRADE HAS HIT SL
-60 PIPS
Risk-Off tone sent NZD lower.
-60 PIPS
Risk-Off tone sent NZD lower.