Here is my analysis for EURNZD for the coming weeks.
Price is approaching correctively towards the Lower time frame 0.618-0.500 area or Golden ratio, price is currently forming a Regular Flat pattern and may react from that Sell zone area.
Once the price reacts on the Sell zone, it will be expected to impulsively move towards the Buy zone area or Higher time frame 0.618-0.500 or Golden ratio. From there, we might be expecting a long-term Bullish Outlook.
Price is approaching correctively towards the Lower time frame 0.618-0.500 area or Golden ratio, price is currently forming a Regular Flat pattern and may react from that Sell zone area.
Once the price reacts on the Sell zone, it will be expected to impulsively move towards the Buy zone area or Higher time frame 0.618-0.500 or Golden ratio. From there, we might be expecting a long-term Bullish Outlook.
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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.