Hello Traders, Here is my forecast for EURNZD for the next few months. EUR will increase interest rate so it will get stronger, Italy budget problem will be solved and UK will hopefully get a deal. Central Bank started to tighten monetary policy, so strong EUR will show up. NZD, on the other hand, expect higher inflation, the central bank is happy with lower NZD rate, so it will get week, also no rate hike on the seen.
My suggestion to buy at bull back and after bounce from Support level and retest to 1.7 level, after this level DONT BUY IT. Only SELL when it bounces down from resistance level and retest. I attached the chart with chart forecast and signal on chart and RSI.
PLEASE TRADE SAFE AND MANAGE YOUR LOT SIZE CAREFULLY AND BE PATIENT YOU will get there. My last suggestion is to only trade one pair per account.
Thank you and appreciate if you leave your comments.