Bex_Bostjan

EUR NZD REVERSAL ON MAJOR SUPPORT ?

Long
FX:EURNZD   Euro / New Zealand Dollar
Eur nzd recently reversed on the major key level of 1.65550 and it's probably set for another rally up to the upper trendline. We set stops just below this level, because if it breaks it, this could sink rapidly much lower. Targer is visualised on the chart and is as said the upper trendline. It is also nice risk:reward ratio if this plays out in our favour.

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