EUR/NZD – Euro Risk Remains

Europe is turning to mass testing to contain the pandemic that has forced nations into lockdowns which cannot be sustained. Over the course of the past weekend, Slovakia attempted to test its entire adult population and the surrounding nations are looking to follow suit. On the 4-hour time frame, with the same fib placed asContinue reading “EUR/NZD – Euro Risk Remains”

EUR/NZD – Euro Facing Downside Risk

The eurozone economy grew rapidly in the third quarter posting a 12.7% growth in GDP over the last quarter but with coronavirus infections increasing and new restrictions being implemented, downside risk is likely to continue. Looking at the daily chart above, we can see that this pair was trending to the upside creating higher highsContinue reading “EUR/NZD – Euro Facing Downside Risk”