EURNZD - OVERBOUGHT - Time to correct lower ?
Hello Traders
Here is a new SELL Scenario, is time for EURNZD to correct lower?
Will EURNZD follow its seasonal pattern lower again this year ?
✅ EUR / NZD SELL @1.70000
TP1 @1.69800
TP2 @1.69600
TP3 @1.69400
SL @1.70600
JamdeJam will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
Here is a new SELL Scenario, is time for EURNZD to correct lower?
Will EURNZD follow its seasonal pattern lower again this year ?
✅ EUR / NZD SELL @1.70000
TP1 @1.69800
TP2 @1.69600
TP3 @1.69400
SL @1.70600
JamdeJam will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
Comment:
this position may go until 1.71000
Comment:
EUR/NZD strengthened on Friday as risk sensitive kiwi dollar was weighed down by volatility in global financial markets .
Comment:
Immediate resistance is located at 1.7057 ( 38.2%fib), any close above will push the pair towards 1.7131 (23.6%fib).
Comment:
Strong support is seen at 1.7010 (50%fib ) and break below could take the pair towards 1.6959 (61.8%fib).
Comment:
Recommendation: Good to Sell above 1.7100
Comment:
TP1 @1.69800 Reached !!!
Comment:
This chart is over !
