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Thursday, May 19, 2022

-700 Points Reached in EUR/NZD Sell Signal
1 mins well spent

Reason for Selling EUR/NZD :

EUR/NZD is moving up without breaking out the bottom level for more times.

But in the 6th attempt, EUR/NZD breakout the bottom level.

We have given the sell signal after the confirmation of Breakout at the bottom.

After Breakout, market re-tested the Breakout level and went down 900 points, but didn’t reach our target level.

EUR/NZD moving down in technical way, but the fundamental effect of “ECB Interest rate decision” makes the market to move up in short time.

In Forex market, Fundamental wins 20% of the time, technical wins 80% of the time. On this trade, fundamental wins at this time.

ECB interest rate decision makes EURNZD to move up in short time

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