g2-rockach
Short

EUR/NZD. In a range for last month. Support break on horizon?

FX:EURNZD   Euro / New Zealand Dollar
77 1 0
Support level at 1.5700 is holding up and has kept the pair in a range for a month. Overall the trend is downward. I will be keeping an eye, as I am favouring this support level will be broken fairly soon.

If there is a close below support on 4hr chart, I will look for price to retest and look for confirmation in way of bearish pin bar or bearish engulfing pattern. If this happens I will enter on price moving below the candle confirmation. If this does happen I see no reason why price can get to the 1.5400 area.
Alternatively price may challenge the high at 1.5900.
Helped along by interest rate cut!
Reply
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体中文
繁體中文
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out