#EURNZD Medium / Long term Outlook and Positioning

A brief description of the fundamentals of #NZD and #EUR can be found on this post:

http://fxrambler.blogspot.gr/2017/12/nzd-basics.html

The charts of the pair are at the moment as follows:

#EURNZD H4

#EURNZD Daily

#EURNZD Weekly

The outlook given to the pair by institutional researchers is as follows:

Westpac

NZDEUR, q1 0.58 q2 0.57 q3 0.56 q4 0.56

RBC Capital

They see the pair ending 2018 at 1.62

Societe Generale

q1 1.68 q2 1.68 q3 1.69 q4 1.72

Nomura

They expect #NZD to underperform

There is nothing to suggest on the charts that there is a long term trend reversal.

Economic data expected from New Zealand during 2018 does not suggest big or sudden gains for #NZD.

No negative surprises of economic or political nature in the long term horizon for the EU.

ECB turning hawkish in rhetoric first and in actions later are quite possible during 2018.

The range in which the pair is expected to move is as shown below:

Positioning in the medium to long term is long in a rather aggressive way.