EURNZD DESCENDING TRIANGLE GETTING TIGHTER !
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here is the analysis for EURNZD
Prices continue to consolidate and making lower lows, we can see also prices broke its trendline, and currently, the price is at resistance, we could see a breakout to the downside, BUT, the price has multiple levels of support below it, I can't see where the target would be to give us favorable risk-reward.
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Dear Traders, the best "Thank you" will be your likes and comments!
Before to trade, our ideas make your own analysis.
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
here is the analysis for EURNZD
Prices continue to consolidate and making lower lows, we can see also prices broke its trendline, and currently, the price is at resistance, we could see a breakout to the downside, BUT, the price has multiple levels of support below it, I can't see where the target would be to give us favorable risk-reward.
________________________________________
Dear Traders, the best "Thank you" will be your likes and comments!
Before to trade, our ideas make your own analysis.
Thanks for your continued support!
________________________________________
Disclaimer: This information is not a recommendation to buy or sell. It is to be used for educational purposes only**
