EurNzd could rise to 1.85
On October 1st, EUR/NZD reached a local low at the psychological level of 1.75, followed by a reversal that lasted until November 1st, gaining nearly 1300 pips.
A normal correction then occurred, and from mid-November, the pair started consolidating between the 1.78 and 1.80 levels.
December brought a breakout above the key 1.80 level, and since then, EUR/NZD has been in a nice uptrend.
As of now, the price is 1.8230, and it looks like a breakout above resistance is imminent.
In this scenario, the next target for the bulls is the 1.85 level.
A normal correction then occurred, and from mid-November, the pair started consolidating between the 1.78 and 1.80 levels.
December brought a breakout above the key 1.80 level, and since then, EUR/NZD has been in a nice uptrend.
As of now, the price is 1.8230, and it looks like a breakout above resistance is imminent.
In this scenario, the next target for the bulls is the 1.85 level.
Trade attivo
EurNzd broke up as expected and reached a local high above 1.83
Now the pair is correcting and this could be an opportunity to buy on dips
1.8230-1.8250 should provide support
Trade chiuso: obiettivo raggiunto
1.85 target hit
📈 Forex & XAU/USD Channel:
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t.me/FanCryptocurrency
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📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.