EUR/NZD Deep Retracement for Fresh Buying

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The EUR/NZD has formed a consolidation pattern around 88.6 fib, straight in the 78.6-88.6 trading zone.

The price might move straight from the zone towards D H3 – 1.7790 and W H3 -1.7819. Have in mind that a momentum push is needed above 1.7755 for the price to sustain its move higher. The price has already made a test of 78.6 – 1.7755 but failed to break it. However, a 1h candle close above next time should provide much needed bullish impulse.

The analysis has been done with the CAMMACD system.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of

🍿️ Discover your path to a 100% yearly returns over the convos with Chris Svorcik!

X