TradingClear

EURNZD - Update on Correction and following BUY opportunities

Long
OANDA:EURNZD   Euro / New Zealand Dollar
EURNZD is still in a complex correction.

However, things appear to be a little clearer now.If it breaks the triangle to the downside, we are looking at two possible scenarios:

1. the "A" segment of the triangle was a downward impulse, the "B"+"C"+"D" segments, a correction of said impulse, to which follows another downward impulse that will take the price to retest the previous low in the 1.533 area.

2. The pair is going to go for one more low inside the daily channel, going all the way down to the 1.49 - 1.50 area.

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