Technical analysis: EURNZD 2021-12-07 00:00

Ziwox terminal based analysis

Fundamental: Moderately Bearish, EUR is weak bearish and NZD is moderately bullish, {w-bearish/m-bullish=m-bearish}
COT Report: Short, Net short positions in Euro increased significantly from 16452 to 23240 (Dec 3, 2021 report)
Retail traders sentiment: Mixed, while 42% of traders are long vs 58% short. We usually look to trade contrary to retail traders
Risk sentiment: Risk-On, so buying NZD is not risky
Technical:
Statistical Support Resistance Trend: Sell when support level1 is broken out. The next target is S2 @ 1.6524


#Analysis # NZDUSD