As shown on the chart, EURNZD trades on a short therm downtrend on the 4H chart. The main things we want to look at here are a pullback to the north side and a continuation of this trend to the south. this pullback should bounce from the trend line creating an excellent Sell opportunity in favor of the NZD which is considered on the of strongest currencies at the moment. NOTE: economic data might cause a bit of turbulence on the way.
Trade safe and protect your capital at all cost.
GOOD LUCK!
Feel free to engage and make suggestion on the comment box.
Trade safe and protect your capital at all cost.
GOOD LUCK!
Feel free to engage and make suggestion on the comment box.