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JoeChampion
Dec 23, 2023 11:56 AM

EURNZD Potential Downsides Short

Euro Fx/New Zealand DollarFXCM

Description

In today's trading session, our attention is on EURNZD as we actively monitor a potential selling opportunity around the 1.76 zone. Operating within a downtrend, EURNZD exhibits a sustained downward trajectory. Concurrently, the currency pair is navigating a correction phase, gradually converging towards the trend at the critical 1.76 support and resistance area. This numerical level holds significance as both a historical support point and a pivotal juncture where the correction may interact with notable market forces.
Comments
GoodTradeST
Good analysis. I see the same!
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