EURNZD in the wick-area for some multiple touches hello traders, we see that the level 1.72000 has some good history with multiple supports and resistances. The price rejected the 1.72000 and came back to touch it again. personally, I expect some choppy level around this area with multiple touches at the area before making a bearish movement.
shortterm: long
longterm: short
Eurnzdsell
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
Keep in mind the bears are still in control. EURNZD is going a bit sideways for the time being. Potential trades soon, but I feel there is better set ups for us. That being said if a solid opportunity presents itself then I will be taking a trade on EURNZD
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
As anticipated we have just had a retest of 1.69. EURNZD looks a bit tricky at the moment. Keeping a close eye on EURNZD for the time being. We could be seeing a fake out to the upside. I am favoring more downside movement soon. Time will tell.
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
EN looks to be retesting resistance once more. I does look like we could have enough pressure to push above resistance but I am not fully convinced just yet. That said it does look very good and is defiantly at the top of our watch list. Curious to see if we are going to have another big pullback or if we are going to take off to the upside from here. Watching very close if anything changes I will let you all know.
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
We have been stuck in consolidation. Bit of bullish movement. Looks like we might not have enough steam to continue pushing up just yet. So we could keep falling lower. I believe that we will be finding support soon and we will start climbing back to the upside, but not just yet. Definitely keeping a close watch on EURNZD