After the top near 1.85 in August, EurNzd dropped almost 1000 pips.
In October the pair started to recover, but failed to reach the previous high, instead found a strong ceiling at 1.82.
Since then, EurNzd tried multiple times to pass above this ceiling and dropped back to 1.8 each time.
1.8 acts as a very important psychological level but also as an important technical horizontal support.
A break of this support seems imminent and in such an instance, EurNzd could accelerate its decline to 1.75.
I'm bearish this pair and I'm looking to sell rallies for a good risk:reward.
In October the pair started to recover, but failed to reach the previous high, instead found a strong ceiling at 1.82.
Since then, EurNzd tried multiple times to pass above this ceiling and dropped back to 1.8 each time.
1.8 acts as a very important psychological level but also as an important technical horizontal support.
A break of this support seems imminent and in such an instance, EurNzd could accelerate its decline to 1.75.
I'm bearish this pair and I'm looking to sell rallies for a good risk:reward.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
📈 Forex & XAU/USD Channel:
t.me/intradaytradingsignals
💎 Crypto Channel:
t.me/FanCryptocurrency
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.