EURNZD - Intraday - We look to Buy a break of 1.7166 (stop at 1.7138)
Setbacks should be limited to yesterday's low.
We look to buy dips.
We look for a temporary move higher.
Daily pivot is at 1.7162. 1.7162 continues to hold back the bears.
A break of 1.7160 is needed to confirm follow through bullish momentum.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 1.7259 and 1.7289
Resistance: 1.7160 / 1.7200 / 1.7270
Support: 1.7130 / 1.7100 / 1.7060
Setbacks should be limited to yesterday's low.
We look to buy dips.
We look for a temporary move higher.
Daily pivot is at 1.7162. 1.7162 continues to hold back the bears.
A break of 1.7160 is needed to confirm follow through bullish momentum.
Bullish divergence can be seen on the 4 hour chart (the chart makes a lower low while the oscillator makes a higher low), often a signal of exhausted bearish momentum, or at least a correction higher.
Our profit targets will be 1.7259 and 1.7289
Resistance: 1.7160 / 1.7200 / 1.7270
Support: 1.7130 / 1.7100 / 1.7060
Trade active
Trade filled at 1.7166Trade closed: target reached
Take profit has been reached.
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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.
Related publications
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.