The Euro has broken out of a long-standing bearish trendline, signaling a potential shift in momentum.
🔍 Key Levels to Watch:
Resistance: 2.0000 (psychological & technical level)
Support: 1.9042
Current Price: 1.9202
What I'm Seeing:
Price has broken the descending trendline and is consolidating above support.
A successful retest of the 1.9042 support zone could trigger a bullish wave toward 2.0000.
Two scenarios to watch:
Aggressive move: Price continues upwards from current consolidation.
Retest play: Price pulls back to support, forms a higher low, and then launches.
📊 Trade Idea (Not Financial Advice):
Buy zone: 1.9050–1.9100 (upon confirmation)
Target: 2.0000
Invalidation: Clean break below 1.9000
Momentum is building, and a rally toward 2.0000 could be on the horizon. Patience is key — wait for confirmation.
What are your thoughts on EUR/NZD? Bullish or bearish?
🔍 Key Levels to Watch:
Resistance: 2.0000 (psychological & technical level)
Support: 1.9042
Current Price: 1.9202
What I'm Seeing:
Price has broken the descending trendline and is consolidating above support.
A successful retest of the 1.9042 support zone could trigger a bullish wave toward 2.0000.
Two scenarios to watch:
Aggressive move: Price continues upwards from current consolidation.
Retest play: Price pulls back to support, forms a higher low, and then launches.
📊 Trade Idea (Not Financial Advice):
Buy zone: 1.9050–1.9100 (upon confirmation)
Target: 2.0000
Invalidation: Clean break below 1.9000
Momentum is building, and a rally toward 2.0000 could be on the horizon. Patience is key — wait for confirmation.
What are your thoughts on EUR/NZD? Bullish or bearish?
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.
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.