简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
FxWirePro:EUR/NZD succumbs to bearish forces after Eurozone business downturn deepens in July
Abstract：EUR/NZD declined on Monday after PMI data showed euro zone business activity shrank much more than expected in July. • A survey showed the downturn in euro zone business activity deepened much more than expected in July as demand in the bloc's dominant services industry declined and factory output fell. • EUR/A NZD chart has taken a turn for the worse after todays drop.Overall risk growing for a bigger drop towards 1.7750.
EUR/NZD declined on Monday after PMI data showed euro zone business activity shrank much more than expected in July. • A survey showed the downturn in euro zone business activity deepened much more than expected in July as demand in the bloc's dominant services industry declined and factory output fell. • EUR/A NZD chart has taken a turn for the worse after todays drop.Overall risk growing for a bigger drop towards 1.7750.
Technical signals show the pair could lose more ground as RSI has turned bearish, and 9, 11,21 DMA's are trending south. • Immediate resistance is located at 1.7905 (5DMA), any close above will push the pair towards 1.7970(38.2%fib). • Immediate support is seen at 1.8851 (50%fib) and break below could take the pair towards 1.7739 (61.8% fib). Recommendation: Good to sell round 1.7860, with stop loss of 1.7950 and target price of 1.7800.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
How to Automate Forex and Crypto Trading for Better Profits
Find out how automating Forex and crypto trading is changing the game. Explore the tools, strategies, and steps traders use to save time and maximize profits.
Is Infinox a Safe Broker?
INFINOX, founded in 2009 in London, UK, is a regulated online broker under the UK FCA. It offers diverse trading instruments like forex, stocks, commodities, indices, and futures. Clients can choose between STP and ECN accounts and access educational resources. With 24/7 customer support, INFINOX aims to empower traders with reliable tools and guidance.
Is Your Zodiac Sign Fated for Stock Market Success in 2025?
The idea that astrology could influence success in the stock market may seem improbable, yet many traders find value in examining personality traits linked to their zodiac signs. While it may not replace market analysis, understanding these tendencies might offer insights into trading behaviour.
Tradu Introduces Tax-Efficient Spread Betting for UK Traders
Tradu’s introduction of tax-efficient spread betting and groundbreaking tools like the Spread Tracker signals a new era of accessible, competitive, and innovative trading solutions for UK investors.
WikiFX Broker
Latest News
BI Apprehends Japanese Scam Leader in Manila
WikiFXBitcoin in 2025: The Opportunities and Challenges Ahead
WikiFXJoin the Event & Level Up Your Forex Journey
WikiFXIs There Still Opportunity as Gold Reaches 4-Week High?
WikiFXBitcoin miner\s claim to recover £600m in Newport tip thrown out
WikiFXGood News Malaysia: Ready for 5% GDP Growth in 2025!
WikiFXHow to Automate Forex and Crypto Trading for Better Profits
WikiFXFXCL Lucky Winter Festival Begins
WikiFXWarning Against MarketsVox
WikiFXIs the stronger dollar a threat to oil prices?
WikiFXCurrency Calculator
