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Mihai_Iacob
Feb 19, 2021 5:25 AM

EurNzd- do we finally have a bottom? Long

Euro Fx/New Zealand DollarFXCM

Description

Since October, EurNzd dropped almost linearity and lost almost 1500 pips.
The beginning of the year found the pair in 1.66 zone strong support and, in my opinion, this is the bottom for now.
At the time of writing, EurNzd is trading at 1.6743 and dips towards 1.67 can be a good opportunity for building longs.
The target for bulls can be 1.7250 resistance and only a break under support would negate this bullish scenario
Comments
KlejdiCuni
Great analysis mate!
ALPHA_PROJECTION
Well done, Thank you
TRADiNG_hub
Buy on the Bottom..

Thanks
CobraVanguard
Amazing work here! Thanks for sharing
AIRFOREXONE_
nice view thanks for sharing !
Dave-FX-Hunter
Nice view, keep it up
Stargazer_fx
great analysis mate
Mihai_Iacob
Guapeva
Yes, nice set up!
Yassminee
Great
nice analysis
Thank U
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