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EUR/NZD Potential Upward Movement

EUR/NZD Long-Term Trend: Bullish

Key Resistance Levels: 1.68353, 1.68660, 1.69027.

Key Support Levels: 1.67453, 1.67153, 1.66907.

1-Hr Time Frame:

The price on the higher time frame is traded inside a bullish channel formation where it is posting higher highs and lows indicating that we are in a clear upward movement. This is expected to continue after the correction that was established now.

EUR/NZD Medium-Term Trend: Bullish

15-Mins Time Frame:

On the lower time frame, the market succeeded to break the bullish flag to the upside after the bulls found buyers below the support @ 1.67340 NZD mark. A lower correction could be seen before a new impulsive wave toward the target profits.

Signal Idea:

Buy Limit Order @ 1.67340

TP 1 @ 1.68305

TP 2 @ 1.68660

Stop Loss @ 1.66860

Trade Safely 🙂

In many cases we manually use market orders instead of pending orders to trade the trading ideas we send you. This is higher risk, and you can decide if it suits your trading style.

About Joe Damien

Joe is a proven Forex analyst and manual trader with 6 years of full-time trading experience. He is a swing trader that relies on price action, market structure and Fibonacci retracement. His two most successful pairs are CHF/JPY, CAD/JPY, but his expertise allows him to profit on any asset or pair.

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