Swing: Bearish view on EURNZD (08/04/19)

OANDA:EURNZD   Euro / New Zealand Dollar
We should expect volatility on the EUR pairs with pending news announcement from the Eurozone on their Refinancing Rate and Monetary Policy Statement. ECB President Draghi will also be speaking this coming Thursday at 8.30pm ( SGT ). On the technical front, EURNZD is approaching the prior support turned resistance zone at 1.6712 having closed above the EMA 50. We do expect some form of resistance to stop price from accelerating with the next resistance zone at 1.6830, a confluence level with coincided with the EMA 200. We are looking for a short set-up so long as price do not close above the EMA 200.

Trade Set-Up:

EP: 1.672
SL: 1.686
TP: 1.6360

Best Regards,
Nour Capital - Tracking Smart Money Flow

The material (whether or not it states any opinions) is for educational purposes only, and does not take into account your personal circumstances or objectives. Nothing in this material is (or should be considered to be) financial, investment or other advice on which reliance should be placed. No opinion given in the material constitutes a recommendation by Nour Capital or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.
Trade active: Trade has been triggered.
Trade closed: stop reached: Trade was stopped out.


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