Eurnzdbuy
EURNZD 4H EURNZD 4H
**Disclaimer**
the content on this analysis is subject to change at any time without notice, and is provided for the sole purpose of assisting traders to make independent investment decisions.
_________________________________________________________________________________________________________________________________________
Thank you for your support!
Tradewithsam
EURNZD Market Outlook | Alchemy FX Weekly Breakdown.EURNZD
Like EA looking very bearish on the higher timeframes. Shooting star on the weekly. On the lower-time frames there’s a bit more indecision in the market. I do favor more downside movement but we could pop up and retest highs before melting to the downside. Always keep in mind before huge moves there is usually a bunch of fake outs to stop out as many traders as possible before moving in the final true direction. Patience will be key we need to see how EN reacts, as stated I do feel if we get some strong downside pressure we could see EN completely melt.
To see our full market break down join our Forex Telegram Channel link in my bio!
EURNZD - Buy NowIf you can see middle bollinger band works a support to the current candle in daily chart and there is support which is tested couple of time as well. RSI shows that once its touch the 50 level price move up accordingly.
TP's and SL is up to you all depend on your account.
Note: Trade at your own risk. Fundamentals are not involved in this analysis.
Like and comment on us. Share your ideas.