Given this macro backdrop, EUR-crosses—especially EUR/NZD—are benefiting from increased upward pressure. Here's how I’m viewing the current market structure:
Key Technical Outlook:
📍 Scenario 1 – Intraday Momentum Entry:
Watch how the market opens and closes on Monday. If price respects current support and shows bullish intent on the lower timeframes (e.g., 1H or 15M), that could be an ideal entry point to ride the continuation of this bullish trend.
📍 Scenario 2 – Breakout & Retest Entry:
A more conservative but higher-probability setup involves waiting for a clear breakout above the major resistance level (marked by a red horizontal line on my chart). Once broken, monitor for a pullback and look to enter on the retest with a proper risk management strategy.
Key Technical Outlook:
📍 Scenario 1 – Intraday Momentum Entry:
Watch how the market opens and closes on Monday. If price respects current support and shows bullish intent on the lower timeframes (e.g., 1H or 15M), that could be an ideal entry point to ride the continuation of this bullish trend.
📍 Scenario 2 – Breakout & Retest Entry:
A more conservative but higher-probability setup involves waiting for a clear breakout above the major resistance level (marked by a red horizontal line on my chart). Once broken, monitor for a pullback and look to enter on the retest with a proper risk management strategy.
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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.