Euro / New Zealand Dollar
Long
Updated

EURNZD To Break Above 1.664

72
See Signposts for key price action details.
Note
Note: Ideas published represent my viewpoints on anticipated structural directional moves. I do not post trade parameters (i.e. entry, take profit, stop loss, alternative exit points, etc.) as actual execution may differ from the respective trade idea published. My trades evolve around my expectancy with certain planned R-multiple and win rate. Use at your own discretion.
Note
We saw a great run-up over on AUDJPY, but not EURNZD.

snapshot

Price ticked higher and then fell on disappointing economic data out of the EU on Tuesday. It's likely we'll be expecting further downside as I'm not a fan of how long it's taking price to breach above the level.

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.