POSSIBLE LONG SETUP FOR EURO BULLS OUT THERE.

EURNZD DAILY

MARKET IS BULLISH, 21 ABOVE THE 55. PRICE HAS BEEN TRENDING HIGHER PRINTING HIGHER HIGHS AND HIGHER LOWS. CURRENTLY AT ROLE REVERSAL 61.8 SUPPORT JUST ABOVE MM2. STOCHASTICS IS OVERBOUGHT.

EURNZD H4

ON THE H4 CHART PRICE HAS BEEN TRENDING DOWN. HOWEVER PRICE BOUNCED OFF OF THE WS1/61.8 SUPPORT. CURRENT RESISTANCE IS WM2 WHICH COINCIDES WITH MPP. STOCHASTICS IS HEADING NORTH. A BULL WILL PROBABLY LIKE TO SEE PRICE BREAKING RESISTANCE TO THE UPSIDE AND PULL BACK TO SUPPORT FOR A LONG OPPORTUNITY.

EURNZD H1

MARKET IS BEARISH, 21 BELOW THE 55. A DOUBLE BOTTOM HAS BEEN PRINTED AFTER PRICE FAILED TO BREAK DM2/WS1 SUPPORT TO THE DOWN SIDE. CURRENTLY AT DM3 RESISTANCE WHICH COINCIDES WITH WM2 AND MPP. STOCHASTICS IS OVERBOUGHT. A PULL BACK TO PREVIOUS RESISTANCE COULD OFFER EURO BULLS A BUY OPPORTUNITY.

EURNZD M15

ON THE M15 CHART THE 21 IS ABOVE THE 55 MEANING MARKET IS BULLISH TECHNICALLY. STOCHASTICS HEADING NORTH. 21 EMA IS HOLDING PRICE UP. AN AGGRESSIVE BULL WOULD BUY OFF THE 21, HOWEVER THE BETTER PRICE IS AT THE ROLE REVERSAL SUPPORT, BUT WE ALL KNOW THE MARKET DOES WHATEVER IT WANTS..

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