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Eurnzdanalysis

EurNzd- to see range trading?Undoubtedly Nzd alongside Aud was one of the strongest currencies at the end of 2020... With its Euro counterpart though, after finding a bottom and reversing at the beginning of December, Nzd found strength again but didn't manage to clearly make a new low under 1.6950, instead it confirmed this support and put in a tweezer bottom candle formation on the last trading day of 2020. I consider 1.6900-1.6950 strong support and EurNzd can start trading in a range with resistance around 1.73 zone. I'm bullish on this pair and only a clear drop under 1.69 would change my opinion
Long
by Mihai_Iacob
2
EUR/NZD BUY IDEAHey tradomaniacs, welcome to a new free trading-setup. Note: This is meant to be a preparation! As always we will have to wait for a confirmation! EUR/NZD: Daytrade-Preparation Notice: All trades are risky due to thin volume -> Sudden volatility can always appear. Market-Buy: 1,72150 Stop-Loss: 1,71700 Point Of Risk-Reduction: 1,72550 Take-Profit: 1,73000 Stop-Loss: 45 pips Risk: 0,5% - 1% Risk-Reward: 2,0 LEAVE A LIKE AND A COMMENT - I appreciate every support! =) Peace and good trades Irasor Wanna see more? Don`t forget to follow me.
Long
by Trading2ez
1