swingtradingthemarkets

EURNZD potential bounce (LONG)

Long
FX:EURNZD   Euro / New Zealand Dollar
4 hr chart for the EURNZD getting close to the 0.786 Fib off the low from May 15th - @1.5845. We can potentially anticipate the move out of the falling wedge being worked on. A past support of 1.5950 - 1.5980 looks promising as a target going forward into the week. Even @1.5800, the entry would look really interesting.
Long @1.5845
Stop @1.5800
1st Target @1.5850
2nd Target @1.6020

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.