Eurnzdsell
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
Keep in mind the bears are still in control. EURNZD is going a bit sideways for the time being. Potential trades soon, but I feel there is better set ups for us. That being said if a solid opportunity presents itself then I will be taking a trade on EURNZD
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
As anticipated we have just had a retest of 1.69. EURNZD looks a bit tricky at the moment. Keeping a close eye on EURNZD for the time being. We could be seeing a fake out to the upside. I am favoring more downside movement soon. Time will tell.
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
EN looks to be retesting resistance once more. I does look like we could have enough pressure to push above resistance but I am not fully convinced just yet. That said it does look very good and is defiantly at the top of our watch list. Curious to see if we are going to have another big pullback or if we are going to take off to the upside from here. Watching very close if anything changes I will let you all know.
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
We have been stuck in consolidation. Bit of bullish movement. Looks like we might not have enough steam to continue pushing up just yet. So we could keep falling lower. I believe that we will be finding support soon and we will start climbing back to the upside, but not just yet. Definitely keeping a close watch on EURNZD
EURNZD Market Outlook | Daily Forex Market BreakdownEURNZD
Looking at EN now still pushing down because of NZD strength. Our previous short from about 9 weeks ago is now +1000 pips. I hope you learned how powerful taking partial profits while trailing your stop loss properly can be. This is why I love swing trading, that being said I feel swing trading paired with taking intraday set ups is even better.
I do believe that EURNZD is over extended and I believe that we should be slowing down soon. Although I think we may even come all the way down to retest 1.65 before that happens. Keeping a very close watch on this pair, after such a colossal push to the downside I am anticipating a retracement should occur within the near future.
Still going to wait patiently there has been no true signs of a reversal just yet. I feel we are going to push lower to 1.65 and if we reject hard of that support we could pull back to 1.70 and maybe even higher.