EUR NZD, July 9th

After the Reserve Bank Of New Zealand raised the interest rate for the third time this year, The Euro has been touching new lows against the New Zealand dollar. Moving with the flow, at TradeCuts, our outlook on this pair has remained bearish and this is our analysis for today. The entry has got triggered, trailing sl is in place and the take profit level is at next support @ 1.5420 which it last touched in April of 2013.


The trade closed yesterday hitting our trailing stop loss and gave us 41 pips profit.
If you want to take benefit of our analysis feel free to comment and write to us.
Team TC.