EURNZD Setting up for a Bullish Continuation
28/3 7.30pm.
Price setting up for a bullish continuation.
Confluences:
- Price is in an up trend - Above 200SMA
- Price at 38.2% Fib
- Price inside a Support Zone from 1.684x
- Psychological level at 1.68500
Conflicts:
- Both EUR and NZD fundamentals are bearish
Action:
- Wait for further price pullback in to the 1.682x level.
- Seek candle confirmation of a continuation on lower timeframes
Price setting up for a bullish continuation.
Confluences:
- Price is in an up trend - Above 200SMA
- Price at 38.2% Fib
- Price inside a Support Zone from 1.684x
- Psychological level at 1.68500
Conflicts:
- Both EUR and NZD fundamentals are bearish
Action:
- Wait for further price pullback in to the 1.682x level.
- Seek candle confirmation of a continuation on lower timeframes
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