Investroy

EURNZD: ALL THE WAY UP

Long
FX:EURNZD   Euro / New Zealand Dollar
We’re currently in a bullish run for EURNZD. The question is what the best point for the entry would be, and here we have 2 options pretty much. Since the resistance been tested a couple of times before the breakout is likely to happen at 1.695. Alternatively, if the price heads further down to touch the trendline one more time, we can open some longs at 1.68 after making sure the price fails to break the above-mentioned ascending trendline.

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.