EURNZD reached a major resistance level that has previously acted as a strong barrier, triggering some strong bearish momentum. This zone can be a potential point of interest for those looking for short opportunities. Given its historical significance, how price reacts here could set the tone for the next move.If bearish signals emerge, such as rejection wicks, bearish candlestick patterns, or signs of weakening bullish pressure, I anticipate a move toward the 1.9000 level. However, a clear breakout above this resistance could challenge the bearish outlook and mean further upside. It's a pivotal area where price action will likely provide clearer clues on the next direction.
Just my take on support and resistance zones, not financial advice. Always confirm your setups and trade with a proper risk management.
Order cancelled
🌷 FREE SIGNALS: t.me/trenddiva
🌷 BEST Broker - Get 20% Deposit BONUS: bit.ly/trenddiva
🌷 Backtest with FX Replay with a 15% discount + my code "trend-diva" fxreplay.com/?via=trend-diva
🌷 BEST Broker - Get 20% Deposit BONUS: bit.ly/trenddiva
🌷 Backtest with FX Replay with a 15% discount + my code "trend-diva" fxreplay.com/?via=trend-diva
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
🌷 FREE SIGNALS: t.me/trenddiva
🌷 BEST Broker - Get 20% Deposit BONUS: bit.ly/trenddiva
🌷 Backtest with FX Replay with a 15% discount + my code "trend-diva" fxreplay.com/?via=trend-diva
🌷 BEST Broker - Get 20% Deposit BONUS: bit.ly/trenddiva
🌷 Backtest with FX Replay with a 15% discount + my code "trend-diva" fxreplay.com/?via=trend-diva
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.