TradeYodha
Long

EURNZD 4H Long Watch Idea (Fib, SMA, Structure)

FX:EURNZD   Euro / New Zealand Dollar
@TradeYodha
TradeYodha.com
(Just my ideas, do you own analysis)

Possible EURNZD             4H Long Opportunity
(slightly risky)
1. Last high restructure broken starting an up trend
2. Market rejected 61.8 level and a retrace has started
3. SMA lagging (10 SMA and 50 SMA ). Price can go there to retest. They are close to key FIB levels
4. 10 SMA and 50 SMA are lagging
5. close to round number 1.51 closed to 10SMA
6. Target to retest previous high which is getting closer to 200 SMA
7. Slightly risk due to no RSI oversold conditions. A confirmation will be better
Target achieved
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