EURNZD reversal potential
Last week we saw a break in the downward movement of EURNZD.
The impulse rise managed to break through the descending channel, but not the previous peak.
Now it looks like there will be a new break attempt.
If we see a rise above 1.7340, we will already have a higher peak and expect the price to continue to 1.7433 and 1.7497.
Entry is currently considered risky, so consider your individual trading style.
If you do not have one, contact us!
To support us, like and comment!
The impulse rise managed to break through the descending channel, but not the previous peak.
Now it looks like there will be a new break attempt.
If we see a rise above 1.7340, we will already have a higher peak and expect the price to continue to 1.7433 and 1.7497.
Entry is currently considered risky, so consider your individual trading style.
If you do not have one, contact us!
To support us, like and comment!
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