DmitryQuail

DmitryQuail

Here I am with my vision of EUR/NZD pair. It looks like we are at critical point right now. Potential break is becoming more and more real with every price drop below the line. This is a long-term chart and hence the reversal can open the road down to 1.61 support line. On the other hand, it could be a potential bounce upward. Should we jump into/out of the trade?...

DmitryQuail Updated 

Two possible scenarios. ETH either breaks the triangle above the triangle or below. In any case the overall trend is Bullish! Enter the trade depending on which line it breaks.

DmitryQuail

I noticed this "Triangle" pattern. If it doesn't break the bottom line -----> Long position up to 110.800 ? Look at the RSI as well!

DmitryQuail

Looks like EUR/NZD is about to show us something interesting. If it breaks the line -----> Bearish trend down to 1.62000 level If it won't break the line -----> then we will see a further upward movement possibly up to 1.74000. Fundamentals are in favour of EUR! So let's keep an eye on this lovely currency pair!