EUR/NZD has been in an uptrend for quite a while now and we can see a small downtrend form on the 1HR timeframe.
Waiting to see how price reacts to the trendline and the support/resistance zone drawn around the 1.9000 psychological price area.
Looking for potential sells if we get a good rejection from the area as well as the trend line and could look for potential long term swing targets.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
Waiting to see how price reacts to the trendline and the support/resistance zone drawn around the 1.9000 psychological price area.
Looking for potential sells if we get a good rejection from the area as well as the trend line and could look for potential long term swing targets.
DISCLAIMER: This analysis is purely for personal reference and record keeping and should be taken as educational material only, NOT FINANCIAL ADVISE. I will not be responsible for profits or loses due to this analysis.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.