EURNZD ANALYSIS- BREAK AND RETEST
Euro Fx/New Zealand DollarFXCM
Description
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Hello traders!
Here are my thoughts on EUR/NZD.
Starting from the weekly timeframe, we can see that we are in strong bearish phase. You can take a look on the picture below.
On the daily you can see that price broke weekly support line. What I will do is wait for a re-test of previous support line now turned resistance.
📈📉Trends:
⏳ Weekly- Bearish
⌛️ Daily- Bearish
🎯Confluence:
🟣 Purple zone - Weekly key level
🔵 Blue zone - Daily key level
Trade will be taken only if all conditions were met.
Don’t forget to let me know your opinion on this in the comment section below! 💬 Sharing is caring! 👨👩👧👦
Have a wonderful and profitable day! ❤️
- ProfitalzTrading