SignalSwiss
Long

EURNZD: BREAKOUT BEARISH CHANNEL!

FX_IDC:EURNZD   EURO / NEW ZEALAND DOLLAR
2503 7 127
Technical framework is very attractive for eurnzd             , this week . On daily time frame, the price has bounced off the lower trendline of our bearish channel , we can't exclude a consolidation around 1.4884, but current dynamics on intraday time frame, could support a continuation of the technical bounce. Our setup on H4 and H1, which we will post only if this analysis/idea will receive at least 100 "I Like", will help us understand what are the levels of support and resistance which will enable us to take a position with good Money management (R/R > 1:3).

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SignalSwiss
TRADING ROOM: http://www.nonsolotrading.com
Comment: This pair is still very interesting, especially after New Zealand data released this morning. We maintain a bullish view, at the time.
Comment: OUR OLD LEVELS & SETUP:

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For more updates (weekly, daily and intraday) and 24h/24h support,
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very nice analysis! thanks!
+2 Reply
nice chart,
I'm thinking a higher levels of targets on the long run

snapshot
+1 Reply
bassel.hadak PRO bassel.hadak
the green area is 50%-61.8% retracement of previous down trend
+1 Reply
MarwanALjaadi bassel.hadak
Fundamentally ,, That's impossible
Reply
SignalSwiss TOP bassel.hadak
Hi bassel.hadak, thanks for sharing! :)
Reply
bassel.hadak PRO SignalSwiss
most welcome
Reply
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