Breaking News

EUR/NZD Potential Upward Movement

EUR/NZD Long-Term Trend: Bullish

Key Resistance Levels: 1.69008, 1.69420, 1.69800.

Key Support Levels: 1.68024, 1.67749, 1.67506.

1-Hr Frame:

The price on the higher time frame is in a clear upward movement where higher highs and lows has been posted. The market succeeded to break the strong resistance area around the 1.68000 NZD mark. A correction has been posted that means after it we should expect an impulsive wave toward the next key resistance level.

EUR/NZD Medium-Term Trend: Bullish

5-Mins Time Frame:

On the lower time frame, the price succeeded to break the bullish flag to the upside after finding buyers near the 50% Fibonacci retracement level. A slight lower correction could be seen before a new bullish impulsive wave toward the target profits.

Buy Limit Order @ 1.68232

TP 1 @ 1.69002

TP 2 @ 1.69420

Stop Loss @ 1.67872

Trade Safely 🙂

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.

Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Download My Free Robot

Get your Robot Now!






Free Robot!