Long EURNZD in the longer term
This pair has broken out of a several months long megaphone pattern, and is now proceeding upwards.
We can look for price to move towards the 1.845 area within the next several months or so. Likely not by the end of the year, but perhaps within 6 months.
NZD remains weak and we have yet to see if it will recover or fall further. It's my belief that the NZD will fall even further though, while the euro remains neutral to bearish.
I'm bearish on the Euro, but I don't think it is quite as bearish as the Kiwi.
Do your due diligence before trading.
–Osbetel
We can look for price to move towards the 1.845 area within the next several months or so. Likely not by the end of the year, but perhaps within 6 months.
NZD remains weak and we have yet to see if it will recover or fall further. It's my belief that the NZD will fall even further though, while the euro remains neutral to bearish.
I'm bearish on the Euro, but I don't think it is quite as bearish as the Kiwi.
Do your due diligence before trading.
–Osbetel
Commentaire:
Accidentally posted 4H chart. Here's the weekly chart:
