• EUR/NZD initially dipped on Monday but recovered some ground investors cheered initial signs that the historic U.S. government shutdown could soon come to an end.
• Market nerves eased after the U.S. Senate moved forward with a bill to reopen the government through the end of January.
• Meanwhile, Euro zone investor morale worsens further than expected. The Sentix index gauging investor morale in the euro zone fell to -7.4 in November from -5.4 in October
• The survey of 1,069 investors from November 6-8 showed the assessment of the current situation deteriorated to -17.5 in November from -16.0 in October, Sentix said on Monday.
• Immediate resistance is located at 2.0568 (Higher BB), any close above will push the pair towards 2.0614(Higher BB).
• Immediate support is seen at 2.0303 (38.2% fib) and break below could take the pair towards 2.0261(38.2%fib).
Recommendation
