In my previous post I commented that it would be risky to sell the pair in the strong uptrend and in my post on NZDUSD, I commented seeing a weaker NZD and this was a trigger for me to look to buy this pair. The 1.7030 support did not hold on the Daily chart and that was a signal of continued bullishness with the pair ending the week at the 1.740 resistance. The Weekly chart ended with an Bullish engulfing candle and I will wait for a retest of the 1.7220 support zone and a continuation of a strong EUR and weak NZD before I take another buy.

EURNZD - FOLLOW UP 20 NOV

Source: MARYNA

EURNZD - WEEKLY

Source: MARYNA

Leave a Reply

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