+803 Points Profit Reached Successfully in EUR/NZD Sell Signal

Reason for Selling EUR/NZD :

As per our technical analysis, the NZD becomes more stronger in all currency pairs.

In other side, the EUR also becomes very stronger in all currency pairs due to fundamental reasons.

But, we expect NZD will get more Buyers than EUR. In simple words, Technical mostly works well when comparing to fundamental.

1.62 act as a major price level, On 2014 October EUR/NZD tried more times to breakout the 1.62 top level, but it fails all the time.

EURNZD head and shoulder reversal confirmation happens

This is the reason for Selling EUR/NZD.

Finally market reached our Profit Target Successfully.

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Forex GDP team provides High Quality Forex signals services exclusively to all type of traders around the world. Each signal given with chart analysis that helps you to trade with confidence on your account. Forex GDP team worked with Major banks, Financial Institutions, Liquidity providers, Forex brokers in different job positions such as Equity Dealer, Fund Manager, Senior Market Analyst, Risk Manager and other major roles in Forex Trading Companies. Try free now to see the quality trades on your account.