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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.
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When looking at a broker, the most important question is always about safety: "Is Uniglobe Markets Safe Or Scam?" After carefully studying how it operates and its regulatory status, the answer is clear. Uniglobe Markets works without any proper financial regulation from a trusted authority. This fact alone is the biggest warning sign for any potential investor. This lack of oversight gets worse when you add the multiple official warnings from financial regulators across Europe and a pattern of serious problems reported by users, especially with withdrawals. This review will give you a detailed, fact-based look at these important points, breaking down what the broker offers and the risks involved to help you make a smart decision.
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Uniglobe Markets India Review 2025: A Complete Guide to Safety, Costs, and Features
Started in 2014, Uniglobe Markets, a forex and CFD broker, has become known in the Indian trading community. The company offers different types of accounts, access to popular trading software, and high leverage options. However, every trader's main concern should be whether their money is safe and if the broker is legitimate. This article gives you a detailed and factual look at Uniglobe Markets, focusing on its services, trading conditions, and most importantly, how safe it is. To answer the main question about legitimacy right away: Uniglobe Markets operates without any valid financial regulation. This one fact is the most important thing to know about our entire review, as it has serious consequences for trader safety. Our goal is to break down all the available information to help you make a smart decision.
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The Investor urges IQ Option to Resolve Withdrawal Issues
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