EURNZD H2 Best Level to SHORT/HOLD +100/+200 pips

3 Haz

🏆 EURNZD Market Update H2 chart

📊 Technical Outlook
🔸trading in well defined range
🔸trading mid range now
🔸range highs set at 9150
🔸range lows set at 8850
🔸strategy: SHORT SELL from resistance
🔸SL 40 pips TP1 +100 pips TP2 +200 pips
🔸swing trade setup for patient traders

📊Forex Market Update (June 3, 2025)

🇪🇺EUR/USD
📉Price:\~1.1410
Euro holds steady near 1.14 amid stable ECB policy and improving German sentiment. However, a drop in eurozone CPI to 2.0% from 2.2% may exert downward pressure
🔑Key Levels Support 1.1365|Resistance 1.1445

🇬🇧GBP/USD
📈Price:\~1.3530
Pound reaches a three-year high, trading around 1.3530, supported by a modest upward revision to May’s UK manufacturing PMI. Lack of UK economic data leaves Sterling influenced by global trends.
🔑Key Levels\:Support 1.3450|Resistance 1.3560

🇺🇸DXY (US Dollar Index)
📉Price:\~98.79
US dollar index falls to a six-week low amid persistent trade tensions and weak US manufacturing data for May. Investors await upcoming US nonfarm payrolls data, which could influence the Federal Reserve’s monetary stance.
🔑Key Levels\:Support 98.00|Resistance 100.00.00

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