MoolahMaker

EURNZD - Incoming Drop Possibility

Short
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.
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