Fundamental analysis:My currently view the Euro as having a bearish fundamental bias as the ECB continue to stress that they wish to maintain rates at lower levels along with political uncertainty throughout the EU's key countries. However, currently view New Zealand Dollar as having a neutral fundamental outlook due to inflation finally moving within the RBNZ's target range of 1-3% in the final quarter of 2016. With inflation in New Zealand within the RBNZ's target range and rates in New Zealand already at record lows, we believe the prospects for additional cuts have now completely diminished.
Sentiment Analysis: The Sentiment for the EURNZD is neutral in the long term.
Technical Analysis: There is a two nice harmonics pattern, a bear bat and a bear deep gartley inside of a range. Making it a high probability that this trade is going to bee positive.
Sentiment Analysis: The Sentiment for the EURNZD is neutral in the long term.
Technical Analysis: There is a two nice harmonics pattern, a bear bat and a bear deep gartley inside of a range. Making it a high probability that this trade is going to bee positive.