Our free forex signals service trade today is a buy order on the EUR/NZD pair. The EUR/NZD pair moves somehow sideways in the short term after escaping from a down channel pattern. The price action developed a triangle pattern, so we’ll have to wait for a valid breakout from this formation before taking action. In the short term, the Euro remains sluggish after poor Euro-zone economic data reported yesterday. As you already know, the ZEW Economic Sentiment was reported at 48.6 points below 54.4 expected, while the German ZEW Economic Sentiment came in at 54.3 points versus 55.1 forecasts. Get FREE Forex Signals Now! 3 Free Forex Every Week – Full Technical Analysis Euro-zone Industrial Production Today, the Euro received a helping hand from the Industrial Production indicator which reported a 1.2% growth versus only 0.4% expected. Tomorrow, the New Zealand PPI Input and PPI Output will be released. From the technical point of view, a valid breakout from this triangle could bring an upside continuation and new long opportunities. An upwards movement could be invalidated if the EUR/NZD makes a valid breakdown from the triangle pattern. After escaping from the down channel pattern, the price signaled that the downside is over and that the bulls could take the lead. 1,7012 stands as a historical level, as a downside obstacle, that’s why the correction was only a temporary one. Free forex signals – Buy EUR/NZD at 1.7178 Free forex signals entry price and takes profit Instrument: EUR/NZD Order Type: BUY STOP Entry price: 1.7178 Stop Loss: 1.7012 TP1: 1.7461 My Risk: 1% Risk / Reward Ratio: 1:1.7 Looking to trade forex now? Invest at eToro! Trade Forex Now! 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money. Olimpiu Tuns Olimpiu Tuns Olimpiu Tuns graduated with a Master in Business Administration and is a seasoned Market Analyst / Trader / Trainer with 10 years of experience in the financial markets having expertise in Forex, Commodities, Index, Cryptocurrencies, and Stocks. He worked as a Market Analyst for three major brokerage companies, as a prop trader, and as a contributor/content creator for news portals and educational platforms. View All Post By Olimpiu Tuns Forex Trading Signals share Read Next Gold Forecast: 1,850 Holds Before The US Retail Sales Data Olimpiu Tuns 3 months Our free forex signals service trade today is a buy order on the EUR/NZD pair. The EUR/NZD pair moves somehow sideways in the short term after escaping from a down channel pattern. The price action developed a triangle pattern, so we’ll have to wait for a valid breakout from this formation before taking action. In the short term, the Euro remains sluggish after poor Euro-zone economic data reported yesterday. As you already know, the ZEW Economic Sentiment was reported at 48.6 points below 54.4 expected, while the German ZEW Economic Sentiment came in at 54.3 points versus 55.1 forecasts. [su_button… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
