theforexportal

EURNZD direction unclear

FX:EURNZD   Euro / New Zealand Dollar
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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.
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