After some thorough technical analysis on higher timeframes with EURNZD, we feel there is a great BUY opportunity once market opens for this new week.
Price closed at 1.68892 on Friday, January 29th which is right inside a BUY zone for that last week of last month and now into this new week.
If you choose to take our BUY signal, make sure to enter around 1.68780 and set your Take Profit (TP) at 1.69565 and up to 1.69830. Also, be sure to manage your risk with a proper Stop Loss (SL), ours is set at 1.68539.
Price closed at 1.68892 on Friday, January 29th which is right inside a BUY zone for that last week of last month and now into this new week.
If you choose to take our BUY signal, make sure to enter around 1.68780 and set your Take Profit (TP) at 1.69565 and up to 1.69830. Also, be sure to manage your risk with a proper Stop Loss (SL), ours is set at 1.68539.
Trade closed: stop reached:
Due to seasonality possibly being over, we are seeing that EURNZD may be in a Bearish environment as of today.