Today’s free forex signals service is a buy on the EUR/NZD as we expect the market to observe Euro’s upside correction while NZD is still on the downfall. The EUR/NZD pair sees an upside breakout as the Euro remains calm and quiet after a brief fall in the Asian session. However, the New Zealand dollar remains on the backfoot, continues to fall across the board. The EUR/NZD price broke the 100-period SMA on the 4-hour chart. But the price seems not to find acceptance above it. The Euro can stay under pressure amid German elections. Olaf Scholz remains a strong contender against Angela Merkel for the position of Federal Chancellor. The voting uncertainty may continue to weigh on the Euro. Get FREE Forex Signals Now! Evergrande’s creditors owe around $300 billion. The rescue effort has ground to a halt. Because of uncertainty about how the impact on other construction companies and suppliers will be, there is a dark cloud hanging over markets worldwide. Increasing concerns about global growth are making the dollar a safer asset. The global economic slowdown and rapid expansion of the delta variant continue to worry investors. New Zealand dollar is a highly risk-sensitive asset, observes a bearish pressure on the day amid broader risk-off mood stemming from the Evergrande and Delta variant spread. Hence, the EUR/NZD pair seeks advantage of a weak NZD rather than a strong Euro. -Are you looking for the best CFD broker? Check our detailed guide- Free forex signals – Buy EUR/NZD at 1.6733 Instrument: EUR/NZD Order Type: BUY STOP Entry price: 1.6733 Stop Loss: 1.6618 TP1: 1.6913 Our Risk Setting: 1% Risk / Reward Ratio: 1:1.56 Looking to trade forex now? Invest at eToro! Trade Forex Now! 67% 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. Saqib Iqbal Saqib Iqbal Saqib Iqbal is a market analyst, prop fund trader and mentor, serving the industry with his analysis and educational content since 2011. The author has great exposure to different financial markets and institutions. He's well-known for his day trading reviews and multiple timeframe analysis. View All Post By Saqib Iqbal Forex Trading Signals share Read Next Dogecoin Price Prediction: Doge completes 161.8% extension; what’s next? Ali B. 7 months Today's free forex signals service is a buy on the EUR/NZD as we expect the market to observe Euro's upside correction while NZD is still on the downfall. The EUR/NZD pair sees an upside breakout as the Euro remains calm and quiet after a brief fall in the Asian session. However, the New Zealand dollar remains on the backfoot, continues to fall across the board. The EUR/NZD price broke the 100-period SMA on the 4-hour chart. But the price seems not to find acceptance above it. The Euro can stay under pressure amid German elections. Olaf Scholz remains a strong… Top 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.
