EURNZD Market Outlook | Daily Forex Market Breakdown
EURNZD
Looking at EN now still pushing down because of NZD strength. Our previous short from about 9 weeks ago is now +1000 pips. I hope you learned how powerful taking partial profits while trailing your stop loss properly can be. This is why I love swing trading, that being said I feel swing trading paired with taking intraday set ups is even better.
I do believe that EURNZD is over extended and I believe that we should be slowing down soon. Although I think we may even come all the way down to retest 1.65 before that happens. Keeping a very close watch on this pair, after such a colossal push to the downside I am anticipating a retracement should occur within the near future.
Still going to wait patiently there has been no true signs of a reversal just yet. I feel we are going to push lower to 1.65 and if we reject hard of that support we could pull back to 1.70 and maybe even higher.
Looking at EN now still pushing down because of NZD strength. Our previous short from about 9 weeks ago is now +1000 pips. I hope you learned how powerful taking partial profits while trailing your stop loss properly can be. This is why I love swing trading, that being said I feel swing trading paired with taking intraday set ups is even better.
I do believe that EURNZD is over extended and I believe that we should be slowing down soon. Although I think we may even come all the way down to retest 1.65 before that happens. Keeping a very close watch on this pair, after such a colossal push to the downside I am anticipating a retracement should occur within the near future.
Still going to wait patiently there has been no true signs of a reversal just yet. I feel we are going to push lower to 1.65 and if we reject hard of that support we could pull back to 1.70 and maybe even higher.
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