EUR/NZD is now presenting a long opportunity - Daily
Note
Sell orders against this position started to hit EUR/NZD since July 2Oth 2016. The area of 1.5546 will prove a battle zone between buyers and sellers. The initial long scenario is still valide on EUR/NZD.Trade active
An attempt to take this market higher was rejected as sellers still hope to break bellow "green support zone". It's Very unlikely that they will succeed as we are now seeing fresh money from non-commercial buyersTrade closed manually
Further consolidation with downside bias ahead. Upside potential still present but I am re-allocating funds into more active securities.
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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.