EURNZD Trading daily plan

Good Morning , – FX risk remained offered, however within very narrow ranges overnight. Global equities markets continued to trade in red zone on growth slowdown fears after all the weak PMIs yesterday. – SNB  really expressed with great conviction that the 1.2000 EURCHF floor will hold without fail. – Stocks: Nikkei -1.14 %, Hang […]

  Good Morning,   – The U.S. dollar headed for its biggest monthly slide since September against a basket of its major peers. The Euro was little changed at $1.3740 level, still trade in a very narrow range above 1.37. – Japan’s Nikkei -0.54%, Hong Kong’s Hang Seng 0.54%, Korea’s Kospi 0.30%, Australia’s ASX 200 […]

Hopefully, you read our Friday’s post in which we had noted two scenarios with measured targets. Finally, the market played the bullish scenario. The price reached the target of 1.146 following the rising channel as well. Starting with the daily, EURUSD is nicely moving within Andrew’ pitchfork while is forming a sideways uptrend channel (A). […]