EUR/NZD 78.6 Zone Shows Fresh Sellers

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

The EUR/NZD is bearish and it’s having a retracement. We could see a bit of selling in the zone provided that the market gains volatility.

1.7005-30 is the POC zone. We can also see a descending trend line which adds to the confluence. D H3 camarilla pivot is resistance. The price should drop towards 1.6926 and 1.6821 which is also the ATR projection low. 1. 6802 is W L3 level, so pay attention to it once the price starts to move down. Only above 1.7077, bulls will gain momentum and the trend will change.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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