EUR/NZD a Potential Move Upward to the 1.7074 Mark ๐๐๐
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๐ก Trade Idea
๐ Buy Limit EUR/NZD @ 1.6952
๐ฏ Target Profit 1.7074
๐ Stop Loss 1.6912
โ Do not risk more than 1 % of your account on each trade
๐ Good Luck !
Description:
The price managed to break out of the bearish channel and posted a โdouble bottomโ around the daily support which indicates a potential reversal. The price now is trading around the neckline, so we expect a lower correction and then most probably a move upwards to the 1.7074 level.
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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.