EURNZD | 600 pips in it if the bulls fail here
EURNZD reached a critical level a few days ago, and granted, the bulls have held their ground.
We're talking about the 1.7100 zone, an area which sparked an impressive sell off earlier this year.
Are we going to break through or fail?
We could blindy short up here, but at the very least, the bulls have another charge to go.
I would like to see the bears join in, with a close below the lower trendline I have drawn in.
This pair is at the top of my watch list for reversal, with a potential short down to 1.6400, some 600 pips away.
We're talking about the 1.7100 zone, an area which sparked an impressive sell off earlier this year.
Are we going to break through or fail?
We could blindy short up here, but at the very least, the bulls have another charge to go.
I would like to see the bears join in, with a close below the lower trendline I have drawn in.
This pair is at the top of my watch list for reversal, with a potential short down to 1.6400, some 600 pips away.
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.