简体中文
繁體中文
English
Pусский
日本語
ภาษาไทย
Tiếng Việt
Bahasa Indonesia
Español
हिन्दी
Filippiiniläinen
Français
Deutsch
Português
Türkçe
한국어
العربية
FxWirePro:EUR/NZD succumbs to bearish forces after Eurozone business downturn deepens in July
Abstract：EUR/NZD declined on Monday after PMI data showed euro zone business activity shrank much more than expected in July. • A survey showed the downturn in euro zone business activity deepened much more than expected in July as demand in the bloc's dominant services industry declined and factory output fell. • EUR/A NZD chart has taken a turn for the worse after todays drop.Overall risk growing for a bigger drop towards 1.7750.
EUR/NZD declined on Monday after PMI data showed euro zone business activity shrank much more than expected in July. • A survey showed the downturn in euro zone business activity deepened much more than expected in July as demand in the bloc's dominant services industry declined and factory output fell. • EUR/A NZD chart has taken a turn for the worse after todays drop.Overall risk growing for a bigger drop towards 1.7750.
Technical signals show the pair could lose more ground as RSI has turned bearish, and 9, 11,21 DMA's are trending south. • Immediate resistance is located at 1.7905 (5DMA), any close above will push the pair towards 1.7970(38.2%fib). • Immediate support is seen at 1.8851 (50%fib) and break below could take the pair towards 1.7739 (61.8% fib). Recommendation: Good to sell round 1.7860, with stop loss of 1.7950 and target price of 1.7800.
Disclaimer:
The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.
Read more
Canada to Enforce Retaliatory Tariffs if U.S. Duties Persist
Canada is striking back! If U.S. tariffs persist, Canada will impose retaliatory duties, escalating tensions in North American trade.
Crypto vs Forex: Which is Better? Which Should You Choose?
The global financial landscape has been reshaped by two dominant trading markets: cryptocurrency and foreign exchange (forex). Each offers unique opportunities, risks, and rewards, leaving traders and investors divided on which market holds the upper hand. But when it comes to choosing between them, is there a definitive answer, or does it all boil down to personal preference and risk appetite?
DOJ Investigates LIBRA Memecoin Scam: $87M Lost by Investors
DOJ investigates $LIBRA memecoin scam costing $87M-$107M. Crypto fraud rocks investors target Hayden Davis and sparks Argentine President Milei controversy.
WikiFX Community Hot Topic Collection Contest
Revealing Trading Secrets – Sharing Experience of Successful Traders!
WikiFX Broker
Latest News
How Do You Make Money in the Forex Market in March 2025
WikiFXEurope’s High-Stakes Gamble: Can It Bridge the U.S.-Ukraine Divide?
WikiFXCrypto Trading: New Trend among Indian Youth
WikiFXBotbro Creator, Lavish Chaudhary Unveils New Project
WikiFXIs TUOTENDA a cryptocurrency scam primarily targeting men over the age of 50?
WikiFXCanada to Enforce Retaliatory Tariffs if U.S. Duties Persist
WikiFXUnbelievable! Is the Yen Really Gaining Strength?
WikiFXMalaysia’s EPF Declares Highest Dividend Since 2017 Amid Market Resilience
WikiFXFirst UK Criminal Conviction for Unregistered Crypto ATMs Involves Over £2.5 Million
WikiFXConsob Exercises MICAR Authority for the First Time, Shutting Down Unregistered Crypto Website
WikiFXCurrency Calculator
