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Eurnzdforecast

EURNZD Buy Opportunity Step By StepEURNZD has been pushing down quite nicely. As I am watching the 4 hour I see price has reversed. Let me break down the reversal on the 4 hour: 1. The last lower high was 1.62789 2. Price made a higher high at 1.62813 3. Price made a higher low at 1.61935 4. Price made a new higher high at 1.63083 All of this indicates at this moment buyers are in the market. The best way to participate is to anticipate a pullback. If this week, price can pullback and stay above 161935 that will be a good opportunity to become a buyer back up to 1.63083 if this is a true higher high.
Long
by ShaquanLopez
TRADING SETUP FOR EURNZD EURNZD is currently approaching the daily support level. However, in the intraday timeframe, there is a very nice falling wedge which is a reversal structure. Look for the opportunity to buy once the structure is broken and retested. Also, the formation of the double bottom on the support will add an extra trigger to BUY the market. NB; once the price continues to fall below the yellow structure, the setup will be INVALID. What's your opinion on EURNZD? Comment below...
by Erady_Pascal
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