Euro / Dolar New Zealand
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EURNZD falling below 1.77000 what is the next level?

198
EURNZD
๐Ÿ“ European central bank hinted that they will accommodate all kind of policy measures to help the economy. And the recent gain of euro will hurt the economic developments as Fed and ECB are eagerly waiting to depreciate their currency against one another.

๐Ÿ“ Positive risk on sentiment will help the New Zealand dollar and the lockdown measures in Auckland was the recent hindrance for the New Zealand dollar. There is no major economic events in this week apart from daily auction prices

๐Ÿ“ Positive vaccine news will boost the New Zealand dollar. In smaller timeframe the price is trading below the 50% Fibonacci and the major price action level

๐Ÿ“ RSI is below 50 level and turned towards south. Expected weekly trading range will be from 1.78000 to 1.73000

๐Ÿ“ After reaching the 1.82000 level which is August high price felled towards 1.74000 which is major psychological level too

๐Ÿ“ Price action level is currently acting as the support for EURNZD. And the golden cross was happened in 50,100,200 EMA

๐Ÿ“ 1.77000 is next major psychological level acting as support for the bearish trend.

๐Ÿ“ We can open suitable selling positions from current level. And the potential take profit will be around 1.74000. Coinciding with 78.6% LTF Fibonacci level. Stop lose may place above 1.79750 is a low volume area

๐Ÿ“ Major trend line was broken on 25-Aug on Lower timeframe trend line was also broken

๐Ÿ“ Ichimoku cloud is also acting as a support for the selling of this pair
Dagangan aktif
Is now running with +40 pips syot kilat
Dagangan aktif
Is now running with +80 pips

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