Waiting for a push to the upside on this stock. If we get one a possible target will be 60.52.
As the bearish trend is slowing down we can expect another touch on the upper trendline and possibly a break for which out target will be around the 7,85 area.
As the current downtrend is getting slower and bears lose pressure we might be able to see a turn in this stock. If price shows a strong break over the Trendline we'd be looking at an opportunity for a long up to 15,80 where Price will meet a strong rejection area. If the 4th touch ends up not breaking the trend we'll keep our eyes peeled and wait if in there...
Simple Trade - If we see a push through the upper Trendline, indicating a breakout of the current downtrend we're looking at an opportunity for a long anywhere from 10.5 to 11,67. In case the current trend prevails and bulls can't win over power, we'll wait for a break in the more distant future.
EURNZD Looking for a retest of that recently broken trendline
EURAUD Potentially bouncing off of the existing trendline moving upwards
Market doesn't look too weak just yet, bears could be coming in pretty soon tho -> short