Round numbers are significant.. looking to short EURNZD
Round numbers are important areas for price action and this can be seen in the daily chart of EURNZD .
After failing to close about 1.9000, this pair has declined to 1.8000.
Price action over the past 2 weeks has been largely contained within 1.8300 and 1.8000 – in fact I see a top has formed at 1.8300.
I see further bearish action in this pair and am looking to take a short at 1.8000.
My initial target will be around 1.7640 with a possibility to seek a much larger move.
After failing to close about 1.9000, this pair has declined to 1.8000.
Price action over the past 2 weeks has been largely contained within 1.8300 and 1.8000 – in fact I see a top has formed at 1.8300.
I see further bearish action in this pair and am looking to take a short at 1.8000.
My initial target will be around 1.7640 with a possibility to seek a much larger move.
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.