EURNZD Daily Short!

3 feb 2022

Overview:

1.70809 | 1.77529 is a rejected Buy-zone looking as far out on Monthly timeframe.

Price is currently trading inside multiple Caption/ Sell-zones: 1.70042 | 1.71501 and 1.69167 | 1.70367 zones.

EUR has Major news no more than 4hrs from now for potential price volatility.

Sell Entries should be inside Caption prices for target zones 1.67230 | 1.66136 and potentially down to expected Buy-zone 1.64572 | 1.63422

More conservative traders likely to hold Sells through 1.58043 | 1.53842 zone.


Note: Idea is to complement your research.

Check comments section for future updates on idea.

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6 feb 2022

Nota

6 feb 2022

Nota

Zones or prices of interest for Take-Profit on Short include:

1.70355 | 1.70185 zone

1.69646
1.67230

6 feb 2022

Nota

6 feb 2022

Nota

If Bulls maintain dominance, they are likely to fall Short to Sellers at
1.73619 | 1.74423 | 1.75954 | 1.76831 | 1.78353
Though it is highly unlikely price will advance thus far without major pull-back which would attract more buyers thus drive the price up further.