EURNZD Setting up for a Bullish Continuation
28/3 7.30pm.
Price setting up for a bullish continuation.
Confluences:
- Price is in an up trend - Above 200SMA
- Price at 38.2% Fib
- Price inside a Support Zone from 1.684x
- Psychological level at 1.68500
Conflicts:
- Both EUR and NZD fundamentals are bearish
Action:
- Wait for further price pullback in to the 1.682x level.
- Seek candle confirmation of a continuation on lower timeframes
Price setting up for a bullish continuation.
Confluences:
- Price is in an up trend - Above 200SMA
- Price at 38.2% Fib
- Price inside a Support Zone from 1.684x
- Psychological level at 1.68500
Conflicts:
- Both EUR and NZD fundamentals are bearish
Action:
- Wait for further price pullback in to the 1.682x level.
- Seek candle confirmation of a continuation on lower timeframes
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.