EURNZD: Important Decision Ahead! Your Plan: 🇪🇺🇳🇿

23 thg 8, 2021

EURNZD is trading within a key daily structure resistance cluster.

On that, the price is currently consolidating within a horizontal trading range.
1.715 - 1.716 is its resistance.
1.7045 - 1.7065 is its support.

For now, I see two equally possible scenarios:

• Bearish
  In case of a bearish violation of the support of the range,
  bearish continuation will be expected.
  
  Next support will be 1.69
  
  
• Bullish
  In case of a bullish breakout of the resistance of the range,
  a trend following movement will be expected.
  
  Next resistance will be 1.73
  

Wait for the breakout & follow the market.

❤️Please, support this idea with a like and comment!❤️

24 thg 8, 2021

Ghi chú

Check my new analysis on BITCOIN, WTI OIL, AUDUSD, EURJPY: