EURNZD: Long as initial interest rates whipsaw fades off
As initial impact of the interest rates change fades off, I do think that there is some upside potential. The price vacuums were created on the way where we are now. They are easier to see on X/O charts.
These areas have a lot of liquidity that the big traders like to reach for. But it is a downtrend for the long-term nevertheless. Interest rates matter!
These areas have a lot of liquidity that the big traders like to reach for. But it is a downtrend for the long-term nevertheless. Interest rates matter!
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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.