Now a days EURNZD economy same to same But for this currency more over time I to take selling opportunity and another point to bear in mind is that any bond buying by the ESM may result in less bond purchases by the ECB under the Securities Markets Program me. This is a key objective of the ECB, and it means that net support for the bond markets may not increase very much. So I want to sell this pair.
As we see on the included chart , this pair has just broken its bearish channel and started to move up , so after the last bearish motion i think the pair will start to move up again on its formed bullish channel , and i suggest to buy the pair on the long term until the pair corrects its low position , Good Luck
EURNZD is trying to reach the support level at 1.5715 now
If EURNZD can break 1.5715, this pair may continue the down trend to 1.5644 as the next support level
But if fail, EURNZD may rebound at 1.5715
in this asia session this pair show that down trend still standing due this pair is try to break level 1.5738 (friday low),and it might bring price goes to level 1.5715 if can break that level (1.2738) today, good luck guys..
The pair EUR / NZD is trading for a long time in a downtrend, and today struck a new low, down almost empty, so there is nothing good for a couple ... just can not see down the level of 1.5690 is the resistance of ....
bearish trend is strong as we can see the pair has break level 1.5635 (yesterday low),so it's mean down trend still expected and the pair might goes to level 1.5600 if can break that level its migh goes to level 1.5585 (support1)..
EUR / NZD as expected for this pair in the last response to me more drop down pair strongly with the first trading day of this month and is now present at levels of strong support could be due to the rise from then I see that the purchase of these areas would be good in the long run
as the pair tested the support level @1.5610 and reversed and moved up , so it may retest it again i think we can start buy near it with small stop lose below it , else the pair will continue in bullish direction till reach the shown bearish trend and test it , and there also we can sell near this trend ,
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