Mulai
Salzworth

Outlook on EURNZD: Pullback presents an opportunity to sell

Penjualan
Euro / Dollar New Zealand (FOREXCOM:EURNZD)  
Salzworth  
FOREXCOM:EURNZD   Euro / Dollar New Zealand
Trend Analysis Harmonic Patterns Chart Patterns EURNZD EUR NZD eurnzdlong eurnzdshort
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trendanalysis harmonicpatterns chartpattern eurnzd eur nzd eurnzdlong eurnzdshort
On the monthly time frame, EURNZD remains under pressure with a breakout and re-test of its previous ascending support line. Looking at the H2 time frame, prices remain under pressure, holding well below its resistance zone at 1.69500 area, in line with the 50% fiboancci retracement. A pullback to test this area presents an opportunity to play the drop to the next support target at 1.6650 support zone .
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