EURNZD / H1 / Daily Forex Technical Analysis / 10.10.2019

10 Okt 2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is October 10th, 2019 and we will be taking a look at the Euro against the New Zealand Dollar. Looking at the 1 hour time frame, we are looking for price action to pullback into it's previous area of resistance at the 1.74 area. If price action can pull back into this resistance region and reject it we will be looking for an entry short. Looking for an entry Short near the 1.74768 area. With a stop loss at the 1.74988 region, with a target profit level area of 1.74125 to possibly ensure a 2.9 to 1 R/R. Thank you for tuning in please feel free to write a comment or leave some feedback, any advice is greatly appreciated. Have great day and good hunting out there traders!