EUR/NZD is Trading Near Strong Resistance Structure
By Deya Hroob
This trade set up is based on daily chart.
EUR/NZD is rejected from both the strong resistance level and from the 20-day EMA. The pair is trading below the moving averages.
I expect the pair to fall with first target around 1.73 , thereafter 1.72.
Our stop loss should be placed above the resistance structure.
Good Luck!
This trade set up is based on daily chart.
EUR/NZD is rejected from both the strong resistance level and from the 20-day EMA. The pair is trading below the moving averages.
I expect the pair to fall with first target around 1.73 , thereafter 1.72.
Our stop loss should be placed above the resistance structure.
Good Luck!
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