EURNZD direction unclear
Very confusing picture for this pair with several key levels around the current price. The 200 sma on DTF is supporting at 1.5230 and 1.5287 also supports. A break south of these levels would suggest a more sustained move south. Daily and Weekly TF's are BULLISH but H1 and H4 are BEARISH.
Monday could set the direction for this pair. A sustained move above current levels and a break of 1.5444 turns the structure BULLISH. A break below 1.5230 and the structure turns BEARISH.
Trade idea
SELL on any move south on the open
SELL at 1.5490
Add to SHORTS under 1.5203.
Monday could set the direction for this pair. A sustained move above current levels and a break of 1.5444 turns the structure BULLISH. A break below 1.5230 and the structure turns BEARISH.
Trade idea
SELL on any move south on the open
SELL at 1.5490
Add to SHORTS under 1.5203.
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