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UnknownUnicorn180388

EUR.NZD - Multiple Structure Levels To Contend With

Euro / Dolar New Zealand (FX:EURNZD)  
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FX:EURNZD   Euro / Dolar New Zealand
Trend Analysis Chart Patterns Technical Indicators ukforexsignals EURNZD
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trendanalysis chartpattern indicator ukforexsignals eurnzd
Currency Pair: EUR.NZD
Time Frame: Daily, 4hr, 1hr & 5min
Predicted Direction: Long ( Short Term )

Live EUR.NZD updates will be available in the comments section below
Komen:
1hr pullback is now underway, i will await deceleration prior to a long opportunity.
Komen:
No deceleration formed on the 1hr TF, however i am watching the Daily TF as we are forming multiple indecision candles ( Doji / Low test ) giving us a potential long opportunity.
Komen:
As predicted price accelerated away from the Daily support at 1.6800
i would be cautious getting long into next week as the Daily 50EMA has been rejected, i would personally await a break of the minor resistance prior to a long opportunity.
Penafian

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