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NZD/EUR (EUR/NZD) Conversion:

The Euro (EUR) is very similar to the GBP, stuck in a trading range .6130-.6180. Catalysts for some changes to this would be a possible hard recession in Germany and the pending energy crisis in Europe leading into winter. European Stocks enjoyed a positive start to the week as the USD struggled against all pairs ahead of the key Inflation data due. Any short term buying above .6150 looks solid with .6200 a seemingly tough nut to crack.

Current Level: 0.6164
Resistance: 0.6210
Support: 0.6075
Last Weeks Range: 0.6090-0.6178

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