InvestMate|EUR/NZD I'm not counting on increases💶

26 בנוב׳ 2022

💶EUR/NZD I'm not counting on increases

💶This time it's time for EUR/NZD

💶Looking at the chart, with what strength it has been falling over the last few days.

💶Bearing in mind that in my opinion the Euro may weaken over the next few days. And the situation on the New Zealand Dollar is not clear(It has shown a really powerful rebound over the past weeks)

💶Looking at the whole environment, I think that the currently ongoing downward wave may not end in the coming weeks.

💶I determined the support zone based on the strongest fibo level of 0.618 along with the fact that this price level has been a strong resistance as well as support zone in the past.

💶The resistance zone is located at the 0.382 level where reversals have repeatedly occurred.

💶The scenario I am playing out is a continuation of the decline to the support zone. I am aware of the possibility of a correction at any time, this should be taken into account, If the outlook would change I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

💶 *Please do not suggest the path I have drawn with the lines this is only a hypothetical scenario.

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