EURNZD | 600 pips in it if the bulls fail here

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EURNZD reached a critical level a few days ago, and granted, the bulls have held their ground.

We're talking about the 1.7100 zone, an area which sparked an impressive sell off earlier this year.

Are we going to break through or fail?

We could blindy short up here, but at the very least, the bulls have another charge to go.

I would like to see the bears join in, with a close below the lower trendline I have drawn in.

This pair is at the top of my watch list for reversal, with a potential short down to 1.6400, some 600 pips away.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.