EUR - BEARISH
1️⃣ German IFO declined as businesses grow more nervous with virus cases on the rise.
2️⃣ Main focus this week is ECB who is widely expected to be dovish as new restrictions curtail economic activity.
NZD - BULLISH
1️⃣ NZ successfully ends second wave with few new cases.
2️⃣ Market shrugs off wider NZ trade balance as imports rise.
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TECHNICAL
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- We're looking to short this pair on SBR level + SMA50 area on H1 chart. Also, EURNZD still in bearish mode.
1️⃣ German IFO declined as businesses grow more nervous with virus cases on the rise.
2️⃣ Main focus this week is ECB who is widely expected to be dovish as new restrictions curtail economic activity.
NZD - BULLISH
1️⃣ NZ successfully ends second wave with few new cases.
2️⃣ Market shrugs off wider NZ trade balance as imports rise.
======
TECHNICAL
======
- We're looking to short this pair on SBR level + SMA50 area on H1 chart. Also, EURNZD still in bearish mode.
Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.