theforexportal

EURNZD direction unclear

FX:EURNZD   Euro / New Zealand Dollar
Very confusing picture for this pair with several key levels around the current price. The 200 sma on DTF is supporting at 1.5230 and 1.5287 also supports. A break south of these levels would suggest a more sustained move south. Daily and Weekly TF's are BULLISH but H1 and H4 are BEARISH .
Monday could set the direction for this pair. A sustained move above current levels and a break of 1.5444 turns the structure BULLISH . A break below 1.5230 and the structure turns BEARISH .

Trade idea
SELL on any move south on the open
SELL at 1.5490
Add to SHORTS under 1.5203.

Comments

Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out