Blue box reversal criteria: - Previous resistance becomes support - Fibonacci retracement 38% - 4H EMA 200 - Daily EMA 100 - Historic trendline (sadly not so significant) - Round number 1.67000
EURNZD is on a short-term uptrend but fundamentally a bit mixed signs. Also, the drop from the top has been too sharp, better would be a bit smoother downwards movements but let's see, it is still the area which is worth to mention and as usual, to get more secure entries - wait for bullish candlestick formation on the marked area!
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*This information is not a recommendation to buy or sell, it is used for educational purposes only!