EUR/NZD Analysis :
EUR/NZD is moving up and down between the specific price ranges.
Breakout happened at the bottom zone of the range.
After the confirmation of breakout, EUR/NZD Sell signal is given.
Due to the Positive news release of EUROPEAN GDP(QoQ), EUR has went up in short time.
Here, the fundamental news makes the EUR to get stronger in short time. This has created a spike and reached the stop loss price.
This time fundamental wins, technical failed.
we strongly believe the EUR/NZD still have chances to move down technically.
NOTE : In forex market, technical have 80% chances to win, fundamental wins only 20%.
We are on the major winning side of technical analysis, please be patience and wait for next good opportunity signal.
Finally, EUR/NZD reached the stop loss price.
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