EURNZD - OVERBOUGHT - Time to correct lower ?
Hello Traders
Here is a new SELL Scenario, is time for EURNZD to correct lower?
Will EURNZD follow its seasonal pattern lower again this year ?
✅ EUR / NZD SELL @1.70000
TP1 @1.69800
TP2 @1.69600
TP3 @1.69400
SL @1.70600
JamdeJam will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
Here is a new SELL Scenario, is time for EURNZD to correct lower?
Will EURNZD follow its seasonal pattern lower again this year ?
✅ EUR / NZD SELL @1.70000
TP1 @1.69800
TP2 @1.69600
TP3 @1.69400
SL @1.70600
JamdeJam will not accept any liability for loss or damage as a result of
reliance on the information contained within this channel including
Note
this position may go until 1.71000Note
EUR/NZD strengthened on Friday as risk sensitive kiwi dollar was weighed down by volatility in global financial markets .Note
Immediate resistance is located at 1.7057 ( 38.2%fib), any close above will push the pair towards 1.7131 (23.6%fib).Note
Strong support is seen at 1.7010 (50%fib ) and break below could take the pair towards 1.6959 (61.8%fib).Note
Recommendation: Good to Sell above 1.7100Note
TP1 @1.69800 Reached !!!Note
This chart is over !
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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.