Get started
alvincris.catabay

EUR/NZD possible scenarios

Short
Euro / New Zealand Dollar (FOREXCOM:EURNZD)  
alvincris.catabay  
FOREXCOM:EURNZD   Euro / New Zealand Dollar
Trend Analysis
1
0
trendanalysis
After breaking out to its weekly resistance turned support EUR/NZD now on a consolidation zone creating two possible scenarios. I'm bearish on this one with MACD about to crossover downward and RSI pointing down..it might retest again the support.
SELL STOP: 1.637
Target Price: 1.621
Stop Loss: 2% - 5%
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.