14-11 EURNZD
14-11 EURNZD The economic data indicates that this pair is entering an uptrend. We have placed a buy in at 1.79965 with the target of the top of the end of October. Our signal system gives the following score +7, built up from the following data: Cot Data 2, Retail sentiment 1, Seasonality -1, Trend reading 0, GDP -1, Manufacturing PMI 0, Services PMI 1, Retail Sales 2, Inflation 1, Employment Change 2, Unemployment Rate 1, Interest Rates -1. You can see that the inflation on the European side is better than with the New Zealanders. The development of unemployment is also better in Europe. When there is a trend change the sl is at 1.78, the bottom from the beginning of this week.
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