PropSignals

EURNZD still bearish

Short
FX:EURNZD   Euro / New Zealand Dollar
**Monthly Chart**

Last month candle closed as a bullish candle after testing the equal low. This month's candle opened within the range of last month's candle and started moving higher only to test the high of the month and move lower. The next target on monthly is at 1.8000 a Key number.

**Weekly Chart**

Last week moved slightly higher just to test midway of the previous week liquidity candle before starting to move lower and closed Bullish. The next target would be around 1.74000 which is a good buying level.

**Daily Chart**

EURNZD took the stops of the previous week's high, tested the liquidity candle, and started moving lower. I still see EURNZD to continue moving lower until 1.75000 and potentially 1.74000 level which is a strong demand zone.

Join my PropSignals on Telegram t.me/+AJLAS9g5E_MxYmM8
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.