MARS_

EURNZD forecast.

Long
FX:EURNZD   Euro / New Zealand Dollar
With the overall market direction being in a bullish trend , i'm using that as the backbone of my technical analysis . In July, price fell down to the level 1.65436 then saw the market take a turn to the upside hitting the level of 1.77055 in October, then fell close to the previous level of support. Then we saw a huge push up breaking the previous level of resistance to the level of 1.99305, a massive outcome of 325 pips in 2 months then taking on a bearish movement to the downside as well as seeing some bullish momentum within the zones. With that i see the market taking a turn to the upside again to the .618.

Please comment down below what your thoughts and opinions are.

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