EURNZD is looking like it is potentially starting its retracment back to the previously broken support. This zone has the following Confluences:
1. Bearish Market
2. Previously broken Support
3. 50% Fib Level
If this market can show a price action signal in this zone, I will feel confident taking shorts and having overall targets set at 1.62900, which is an important key level that lines up with the -61.8 fib extension
1. Bearish Market
2. Previously broken Support
3. 50% Fib Level
If this market can show a price action signal in this zone, I will feel confident taking shorts and having overall targets set at 1.62900, which is an important key level that lines up with the -61.8 fib extension