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EUR/NZD SHORT FROM RESISTANCE

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Euro / Dolar New Zealand (FX:EURNZD)  
EliteTradingSignals  
FX:EURNZD   Euro / Dolar New Zealand
Trend Analysis Chart Patterns Wave Analysis EURNZD short SELL trading Bearish Patterns Forex forecast tecnhicalanalysis Contains image
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Hello,Friends!

EUR/NZD pair is in the uptrend because previous week’s candle is green, while the price is clearly rising on the 4H timeframe. And after the retest of the resistance line above I believe we will see a move down towards the target below at 1.758 because the pair overbought due to its proximity to the upper BB band and a bearish correction is likely.

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Penafian

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