Will the monthly support hold for EURNZD

16 พ.ย. 2021

Looking at the monthly price chart. EURNZD is currently on monthly lows. The move that brought the price to recent lows was a big sell-off in October. My RSI is a bit oversold and My sentiment on NZD is Neutral. A positive Q3 GDP might start to add some strength to EUR and validate the support. Looking at the daily, the price is still at support. Looking for a good entry around 1.61382. Targeting weekly high at 1.62990. A Negative GDP today is still good for us unless the price goes below the monthly low 1.61363 and closes. Thanks.