TheSignalyst

EURNZD approaching an oversold area

Long
FX:EURNZD   Euro / New Zealand Dollar
on DAILY: EURNZD is approaching a strong support/resistance zone in blue so we will be looking for objective buy setups on lower timeframes.

on M30: this pair is still overall bearish making lower lows and lower highs, and it is now forming a trendline (not valid yet).

so we are waiting for a third swing to form around it to consider it objective and enter on its break upward.

This analysis is done using RichTL
www.RichTL.com

My Telegram Channel
www.t.me/thesignalyst
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.