This is an update to Daily outlook on EURNZD.
- Dec 10 Daily candle bearish close below Dec 4 bullish candle confirms bearish momentum continuation after retracement from Dec 1.
- A retest of 1.698x zone is viable to complete triangle of love formation and continuation of the bearish trend
- A break and support creation above 1.7340 level (Resistance Zone) will confirm bearish trend weakness and possibility of reversal higher to Resistance zones.
Notes for Next week:
Monthly Close : Bearish
Weekly Close : Bearish
Daily Close : Bullish
4H : Bearish momentum
1H : Ranging
Previous daily outlook :
EURNZD
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Related publications
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.