TaherJalili

Will Support Hold or Break?

Short
FX:EURNZD   Euro / New Zealand Dollar
As I write this, price is attempting to make a breakout lower and through the recent swing low support level.

Whilst in the longer term there is no trend, in the short term all the momentum has been lower.

If this level can break, then we can move to our smaller time frame charts like the 1 hour and below and look for quick pullbacks into the old support and new breakout resistance.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.