Evening Traders,
Today’s analysis - EURNZD- trading towards Local S/R where a bounce is probable,
Points to consider,
- Price Action Impulsive
- Local S/R Support
(.618 Fibonacci & 200 MA confluence)
- Swing High Objective
- Oscillators Bullish Control Zones
EURNZD’s immediate price action is impulsive towards Local S/R that has technical confluence with...
Looking to the zone shown to enter a buy position. I think ther eis still downside for the Euro, but we can then enter long and take advantage of support while a market is queit and we can enter after a spike to the downside taking out longs where we can then enter long. The entry for EUR/NZD will be posted on our page so stay tuned.