EURNZD / H1 / Daily Forex Technical Analysis / 9.11.2019

11 Sep 2019

Hello Traders, welcome to the Daily Forex technical analysis. Today is September 11th, 2019 and we will be taking a look at the Euro against the New Zealand Dollar. We are looking for price action to continue with it's bearish sentiment as it broke-down below the trend-line that was supporting price action. The last area of resistance was the rejection of the 1.72 region, we are currently looking for an optimal entry to enter the market short. Looking for an entry Short near the 1.71718 area. With a stop loss at the 1.72324 region, and a target profit level area of 1.70395 to possibly ensure a 2.18 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!