EURNZD has been on an uptrend for a while now. The red trend line indicates weekly support while the blue lines on the chart represent the daily support and trend line.
From the chart, it's obvious that EURNZD is having a healthy pullback to the support line.
What I will be looking at is how it behaves on the support line, both daily and weekly line.
Mind you, the pair is still uptrend and I will be looking for a buy from the line.
From the chart, it's obvious that EURNZD is having a healthy pullback to the support line.
What I will be looking at is how it behaves on the support line, both daily and weekly line.
Mind you, the pair is still uptrend and I will be looking for a buy from the line.
I looked again at the pair and figured that EURUSD had just broken structure on the daily TF. Meaning that this pair has just changed character. I will keep high on it.