newgenforex

EURNZD - DON'T MISS THIS OPPORTUNITY

Short
FX:EURNZD   Euro / New Zealand Dollar
On the 1hr chart, we can see price has previous rejected at the current 1.68250 level. Creating a resistance zone .

I'm expecting price to retrace back to the highlighted Support Zone .

You can see from at the end of last week, price broke the ascending trend and has retested. This usually indicates a heavier sell off.

When you bring out the Fibonacci, you can see our support zone sits comfortably within the 'Golden Zone'. THEREFORE, THATS WHERE WE'RE HEADING!!

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TP HIT!
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