EURNZD has hit the POI twice on the higher timeframe. These have resulted in strong reactions, and early buyers are out since we returned to the area, tapped the bottom, and triggered a stop hunt. After this, we got a clear MSS (Market Structure Shift), and I expect an upward move to the Daily FVG.Fundamental factors supporting this:
* Potential ECB rate hikes strengthening the Euro.
* Weaker NZD due to declining global commodity prices.
* RBNZ's dovish stance potentially pressuring NZD downward
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.
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.