This is a follow up to the previous watch on EURNZD. price bounced back to the trend line and looks set to break the resistance. Buy at the resistance or on a retest.
Comments
manijeh.kazemi.33
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thanks for your advice
manijeh.kazemi.33
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thank you Iam long at 1.61200
justatrader
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Bear in mind today's Eurozone CPI data. Could swing Euro crosses in either direction. But besides that, Euro is quite strong this week. Good luck!
manijeh.kazemi.33
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Hi what is zoar view on this pair now
justatrader
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I would still be long on this one, although the stops would have to be readjusted. H4 is making a very clear triangle pattern. Downside is supported with 200 EMA and an established support/resistance level. But for confirmation, would look to buy only if 1.616 is cleared.