EURNZD is exhibiting a bearish trend, characterized by the formation of lower lows (LL) and lower highs (LH). This trend is expected to persist. I plan to enter a position at the Fibonacci level of 0.632, specifically at 1.75719, with a stop loss set at 1.77056 and a take profit target of 1.74620.
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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.