EURNZD last week was stuck in a ranging market with a couple of false breakouts until price finally broke to the upside with a nice retest of previous resistance which then became support. EURNZD is reflecting evidence that bulls are in control for the mean time. On the weekly chart price has evidently reflected higher highs and higher lows. Price looking to retest area of sensitivity around 1.74902 before making its way back up. Looking for a long position after evidence of a retest.Possible pin par or bullish engulfing candle as confirmation for entry.
Analysis are for educational purposes. My post are not signals! Trade at your own risk!
Happy Trading!
Analysis are for educational purposes. My post are not signals! Trade at your own risk!
Happy Trading!