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JosephMemphis

Potential LONG Opportunity on EUR/NZD - Daily

Long
Euro / New Zealand Dollar (FX:EURNZD)  
JosephMemphis Updated   
FX:EURNZD   Euro / New Zealand Dollar
EURNZD
1
0
eurnzd
EUR/NZD is now presenting a long opportunity - Daily
Comment:
Sell orders against this position started to hit EUR/NZD since July 2Oth 2016. The area of 1.5546 will prove a battle zone between buyers and sellers. The initial long scenario is still valide on EUR/NZD.
Trade active:
An attempt to take this market higher was rejected as sellers still hope to break bellow "green support zone". It's Very unlikely that they will succeed as we are now seeing fresh money from non-commercial buyers
Trade closed manually:
Further consolidation with downside bias ahead. Upside potential still present but I am re-allocating funds into more active securities.
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