EURNZD is stuck between a strong horizontal resistance and a rising trend line on a daily.
Depending on the reaction of the price to these structures, I see 2 potential scenarios:
📈If the price breaks and closes above 1.683 - 1.687 resistance,
I will expect a bullish continuation to 1.708.
📉If the price breaks and closes below a trend line,
I will expect a bearish move to 1.656 level.
From a current perspective, it feels like the probabilities are on bulls' side.
However, let's be patient.
EURNZD is stuck between a strong horizontal resistance and a rising trend line on a daily.
Depending on the reaction of the price to these structures, I see 2 potential scenarios:
📈If the price breaks and closes above 1.683 - 1.687 resistance,
I will expect a bullish continuation to 1.708.
📉If the price breaks and closes below a trend line,
I will expect a bearish move to 1.656 level.
From a current perspective, it feels like the probabilities are on bulls' side.
However, let's be patient.
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t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.
Join our Telegram channel for daily market update 👇👇
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
t.me/TheAceTrading
For paid signal👇👇 t.me/linofx1999
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.