EUR.NZD - Historical Resistance At 1.7200

16 Nov 2017

Currency Pair: EUR.NZD
Time Frame: Daily & 4hr
Predicted Direction: Short

Live EUR.NZD updates will be available in the comments section below

16 Nov 2017

Catatan

This is a pair you should take caution if looking for a short opportunity.
Price has failed to reject the resistance at 1.7200 and i feel price will now make an additional bullish impulse prior to a reversal.

17 Nov 2017

Catatan

A perfect example of why you should wait one more day for the additional confirmation.
I will now await deceleration prior to any pending order placement.