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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.
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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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Grand Capital Doesn’t Feel GRAND for Traders with Withdrawal Denials & Long Processing Times
The trading environment does not seem that rosy for traders at Grand Capital, a Seychelles-based forex broker. Traders’ requests for withdrawals are alleged to be in the review process for months, making them frustrated and helpless. Despite meeting the guidelines, traders find it hard to withdraw funds, as suggested by their complaints online. What’s also troubling traders are long processing times concerning Grand Capital withdrawals. In this Grand Capital review segment, we have shared some complaints for you to look at. Read on!
Original 2h
ADSS Review: Traders Say NO to Trading B’coz of Withdrawal Blocks, Account Freeze & Trade Issues
Does ADSS give you plenty of excuses to deny you access to withdrawals? Is your withdrawal request pending for months or years? Do you witness account freezes from the United Arab Emirates-based forex broker? Do you struggle to open and close your forex positions on the ADSS app? Does the customer support service fail to respond to your trading queries? All these issues have become a rage online. In this ADSS Broker review article, we have highlighted actual trader wordings on these issues. Keep reading!
Original 3h
INGOT Brokers Regulation 2025: ASIC vs Offshore License - What Traders Must Know
Explore INGOT Brokers regulation in 2025: Compare their ASIC and Seychelles FSA licenses, understand trader protection levels, and learn about potential risks in this detailed guide.
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INGOT Brokers Review 2025: High Risk or Hidden Gem? Expert Analysis Reveals All
Comprehensive INGOT Brokers review exploring the broker's mixed reputation in 2025. Discover the truth about regulation, trading options, and user experiences before opening an account.
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