EURNZD - Incoming Drop Possibility

FX:EURNZD   Euro / New Zealand Dollar
Keep an eye out for EURNZD . It has dropped under the 1H 50 EMA .

As long as the 50 EMA holds as resistance, we have a go for a move back down.

Put your SL above the 1H 50 EMA with a little bit of space to it in case of volatility .

Trade safe.
Comment: If you have an open position, close it for the time being. Wait for the pair to successfully make a high test and confirm its resistance. Eventually, if the resistance holds strong we'll have a sell. If the resistance canoot hold, then we'll have a buy back up.

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.