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ForecastCity
Dec 15, 2020 1:06 PM

πŸ’‘Don't miss the great buy opportunity in EURNZDΒ Long

Euro Fx/New Zealand DollarFXCM

Description

β‹…
Trading suggestion:
". There is a possibility of temporary retracement to suggested support line (1.7137).
. if so, traders can set orders based on Price Action and expect to reach short-term targets."

Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
. The price is above the 21-Day WEMA which acts as a dynamic support.
. The RSI is at 53.

Take Profits:
TP1= @ 1.7280
TP2= @ 1.7340
TP3= @ 1.7440
TP4= @ 1.7610
TP5= @ 1.7770

SL= Break below S2

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Comments
sofi_Morphy
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Thank you so much.β€―You've been very helpful
ForecastCity
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@sofi_Morphy, We're happy to help!
ForecastCity
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@sofi_Morphy, All the best with your trades.πŸ“ˆ
yusufipek1989
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Good analysis
ForecastCity
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@yusufipek1989, Thank you for your comment. We appreciate it
Pro_Trader_007
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tq for sharing :)
ForecastCity
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@Pro_Trader_007, You're welcome!
Kamryn
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Keep up πŸ‘
ForecastCity
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@Kamryn, πŸ‘
fxpays
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I also have eurnzd on my watch list, thanks for your analysis!
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