Eurnzdsetup
EURNZD - OPPORTUNITY TO GO SHORTA few days ago, we unveiled the overall bias of this pair as BEARISH. The downward movement began already. Now what we do is wait, and allow price to give us an indication. A continuation to the downside may continue, or a reversal.
To open a short position on this pair at a fair value, we wait for a rally to the upside and study price action on the lower timeframe, then await confirmation.
EURNZD: Range Opportunity Pending Long Bias at Test of Buy-Zone
Current Overview:
Monthly: Sell
Weekly: Sell
Daily: Buy
4Hr: Sell
60Min: Sell
Additional uncharted upside target: 1.8416
Note: Idea is to complement your research.
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Thank you and Happy trading.