EURNZD - MARKET SENTIMENT WITH TRADE IDEA
#EURNZD
Currently, according to CURRENTLY STRENGTH, EUR is going down a bit. The reason is that ECB RATE HIKE SENTIMENT is not PRICE. And the NZD is going down a bit more than the EUR right now. COMMODITIES DOWN due to OVERALL MARKET RISK ON, NZD is UP now.. due to this, EURNZD is WEAK.
Therefore, EURNZD can definitely go up to the resistance area of this triangle pattern before going down again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can go up to 1.6780 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6100 LEVEL. So stay tuned for MARKET UPDATES.
Currently, according to CURRENTLY STRENGTH, EUR is going down a bit. The reason is that ECB RATE HIKE SENTIMENT is not PRICE. And the NZD is going down a bit more than the EUR right now. COMMODITIES DOWN due to OVERALL MARKET RISK ON, NZD is UP now.. due to this, EURNZD is WEAK.
Therefore, EURNZD can definitely go up to the resistance area of this triangle pattern before going down again. So keep an eye on it.
If any MARKET SENTIMENT changes, EURNZD can go up to 1.6780 LEVEL. After that, EURNZD can be SELL by BREAKING STRUCTURES and can SELL at 1.6100 LEVEL. So stay tuned for MARKET UPDATES.
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