Get started
Trade_Rocket_Investments

EUR/NZD - possible move to the daily zone

Long
Euro / New Zealand Dollar (FX:EURNZD)  
Trade_Rocket_Investments  
FX:EURNZD   Euro / New Zealand Dollar
Chart Patterns Trend Analysis Fundamental Analysis Forex forexsignals forextrading forexanalysis forex_signals trading
0
0
chartpattern trendanalysis fundamental forex forexsignals forextrading forexanalysis forex_signals trading
We had the EUR inflation rate this morning and the EUR seems to have gained a lot of strength due to that, what we see on the EURNZD chart is that price is now breaking a 4h area of sell pressure so now we have free range to our next area of sell pressure which will be our daily zone. now what we will look for is exhaustion and entry confirmation to place a long trade on this pair.
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.