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FxWirePro: EUR/NZD pivotal at 'Triangle Base', break below to accentuate weakness

EUR/NZD chart - Trading View 

  • EUR/NZD is trading in an extremely narrow range with session highs at 1.6437 and lows at 1.6394.
     
  • The pair is pivotal at 'Triangle Base' support at 1.6415, break below will accentuate weakness.
     
  • The single currency fell sharply after release of downbeat French and German PMIs.
     
  • The pair is trading in a ' Symmetric Triangle' pattern and upside remains capped at 50-DMA.
     
  • Technical indicators are biased lower. Momentum with the bears. Breach at 1.6415 can see weakness till 200W SMA at 1.6360.
     
  • Focus on German IFO Business Climate index for further impetus. Break below 200W SMA likely to confirm further weakness. 

Support levels - 1.6415 (Triangle base), 1.6360 (200W SMA), 1.6334 (Dec 4 2018 low)

Resistance levels - 1.6505 (5-DMA) 1.6545 (21-EMA), 1.6627 (50-DMA)

For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex
 

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2019-06-24 18:35:21
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2019-06-24 17:58:11
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June 24 22:45 UTC Released

NZTrade - Exports

Actual

5.81 Bln NZ

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Previous

5.55 Bln NZ

June 24 22:45 UTC Released

NZTrade Balance YY

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-5.49 Bln NZ

Forecast

Previous

-5.48 Bln NZ

January 31 00:00 UTC 734383734383m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 31 00:00 UTC 734383734383m

ARAnnual Primary Balance*

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Forecast

2016 bln ARS

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Bln AR bln ARS

January 22 19:00 UTC 746203746203m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 734383734383m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 746203746203m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 734383734383m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 734383734383m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 734383734383m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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