EURNZD Idea:EurNzd sell anticipation. I was looking to go short on the KIWI after taking profit of my buy entry at 1.84339. then I was anticipating price actions around 1.84538 to get confirmation on reversal. tradingview.com/x/f288gsfT Price rejects 1.84538 nicely and the daily candle closes bearish. Hence I already got my confirmation for sell entry come London session or New York session. Idea:EurNzd Short after daily rejec… I'll be posting my insight for the sell afterwards.
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EUR/NZD is positioned for a potential bullish continuation if it breaks above the 1.83800 resistance. However, the direction could also depend on the outcome of the German Prelim CPI release. Traders should be prepared for heightened volatility around the news and adjust positions based on price action following the announcement.