⚜EURNZD Short 700pips!

Hello Traders, 🙋‍♂️🙋‍♂️🙋‍♂️

Here we have a EURNZD long trade idea. If you like this idea please show your support!

EUR

Euro ( EUR ) weakness can be expected as we can see other EUR pairs approaching the top of their channels & showing signs of resistance.

NZD

The New Zealand Dollar ( NZD ) has been gaining some strength recently. Technically we can see other NZD pairs showing signs of support and we can expect some bullish momentum soon, pushing this pair further down.

Overall
Our analysis tells us this pair should push downwards. As we have matched 2 pairs which are moving in opposite directions we should expect some impulses or sudden movements in price action as both pairs factors will push this down further.

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Please trade with caution and make sure you set your stop losses! Happy Trading 😁

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