After successfully done its triangle,
the currency pair EUR/NZD lost around 400 pips of its value.
From 1,7700 to 1,7335.
Now EURNZD meets 3 support lines in one zone:
EMA;
D1 trendline (third touch);
Horizontal support line from previous bottom.
We expect a downtrend to continue,
but before that, a correction around 1,7420 - 60,
where are 38.2 Fibo and many horizontal resistance lines.
the currency pair EUR/NZD lost around 400 pips of its value.
From 1,7700 to 1,7335.
Now EURNZD meets 3 support lines in one zone:
EMA;
D1 trendline (third touch);
Horizontal support line from previous bottom.
We expect a downtrend to continue,
but before that, a correction around 1,7420 - 60,
where are 38.2 Fibo and many horizontal resistance lines.
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✅ JOIN FREE TELEGRAM: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
❓ If you got questions: t.me/Semkov
💡 If you want to know on what basis we make our entries, get in here: t.me/trendlinefreetrade
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.