EURNZD - BULLISH BIAS
EUR - BULLISH
1️⃣ Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies.
2️⃣ The IHS Markit Eurozone Manufacturing PMI was revised higher to 51.8 in July 2020.
NZD - BEARISH
1️⃣ NZ joining the throng of countries cutting extradition ties with Hong Kong in response to China's new national security law.
2️⃣ Risk-off market sentiment expected as surging coronavirus infection rates across the US dampens investor hopes of economic recovery.
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TECHNICAL
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📊 We look to buy on RBS level + SMA50 area
📊 EURNZD in bullish zone.
1️⃣ Euro remained well supported by the latest optimism over a landmark agreement on the EU's €750 billion pandemic recovery fund – aimed at aiding the region’s worst-hit economies.
2️⃣ The IHS Markit Eurozone Manufacturing PMI was revised higher to 51.8 in July 2020.
NZD - BEARISH
1️⃣ NZ joining the throng of countries cutting extradition ties with Hong Kong in response to China's new national security law.
2️⃣ Risk-off market sentiment expected as surging coronavirus infection rates across the US dampens investor hopes of economic recovery.
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TECHNICAL
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📊 We look to buy on RBS level + SMA50 area
📊 EURNZD in bullish zone.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.