EUR/NZD BEARISH BIAS RIGHT NOW| SHORT Short

Euro Fx/New Zealand DollarFXCM

Description

⋅ Aug 24, 2023 12:10 PM

Hello,Friends!

The BB upper band is nearby so EUR-NZD is in the overbought territory. Thus, despite the uptrend on the 1W timeframe I think that we will see a bearish reaction from the resistance line above and a move down towards the target at around 1.814.

✅LIKE AND COMMENT MY IDEAS✅

Comments

AnabelSignals

⋅ Aug 24, 2023 3:29 PM

I had same thoughts!

ProSignalsFx

⋅ Aug 25, 2023 7:02 AM

Good thinking, pal!

TopTradingSignals

⋅ Aug 25, 2023 6:36 AM

Quality post mate!

ArmanShabanTrading

⋅ Aug 24, 2023 4:27 PM

Awesome analysis!

EliteTradingSignals

⋅ Aug 24, 2023 12:13 PM

What are your thoughts on EUR/NZD?