Its soon to time to buy in again on EURNZD. Watch current price action where the pair figths over the 50 MA. This is a demand zone from where the Euro will launch the next leg. My entry is set to 1.50609
The Euro have now completed one leg out of three on the Weekly which means buying here is a great opportunity where the 2nd leg is predicted to land at 1.60-1.5780 area. From there and once that pullback is complete one can plot for the landing of the 3rd leg (Roughly 1.66)
My stop is placed under the 100 MA.
Happy trading
The Euro have now completed one leg out of three on the Weekly which means buying here is a great opportunity where the 2nd leg is predicted to land at 1.60-1.5780 area. From there and once that pullback is complete one can plot for the landing of the 3rd leg (Roughly 1.66)
My stop is placed under the 100 MA.
Happy trading