KarYong

EURNZD: Bias is to the downside

Short
FX:EURNZD   Euro / New Zealand Dollar
Last week we have a nice break towards the downside following ECB conference. This week, we are looking for a trend continuation setup should price retrace back towards the previous structure level.

Aggressive traders can also look for a sell stop breakout trade towards the downside should price breaks the immediate support level.

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.