EUR/NZD LOOKING FOR A BIG MOVE DOWNWARD
EUR/NZD JUST HAD THE 5 EMA CROSS THE 20 SMA ON THE DAILY CHART. USUALLY WHEN THIS HAPPENS WE SEE HUGE MOVES TAKE PLACE. IT CAN MOVE PRICE ALL THE WAY TO THE NEXY MAJOR SUPPORT WHICH IS OVER 300 PIPS DOWN. WATCH THIS PAIR CLOSELY AND IF A TRADE IS TAKEN USE YOUR STOP LOSS TO MANAGE RISK.
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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.