Potential LONG Opportunity on EUR/NZD - Daily

Long

Euro / Dollar Néo-Zélandais (FX:EURNZD)

Mis à jour

FX:EURNZD Euro / Dollar Néo-Zélandais

EURNZD

eurnzd

EUR/NZD is now presenting a long opportunity - Daily

Commentaire:

Sell orders against this position started to hit EUR/NZD since July 2Oth 2016. The area of 1.5546 will prove a battle zone between buyers and sellers. The initial long scenario is still valide on EUR/NZD.

Transaction en cours:

An attempt to take this market higher was rejected as sellers still hope to break bellow "green support zone". It's Very unlikely that they will succeed as we are now seeing fresh money from non-commercial buyers

Trade fermée manuellement:

Further consolidation with downside bias ahead. Upside potential still present but I am re-allocating funds into more active securities.

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