VarisSvard

EUR / NZD Interesting price levels

FX_IDC:EURNZD   Euro / New Zealand Dollar
This pair looks very interesting right now from technical point of view. Price is trading now at strong resistance on weekly chart.

My personal view is neutral because if resistance is broken we may see continuing bullmarket. But in short term it can be interesting to short this as daytrade, possibly as swingtrade if price moves down significantly.

Have in mind

1) Breakout
2) False breakout
3) bigger moves in price action.

Comments

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