rhino-8
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0Joined May 8, 2019
candlestick
eur
eurnzd
long
nzd
sell
short
supplyanddemand
support
supportandresistance
trendanalysis
zone
zones
zonestozones
zonetozone
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Breakout and retest of channel, looking for a push to recent highs
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OANDA:EURNZD Price seems to have come back up to the broken support from last week around 1.6780 and rejected off it confirming continued sells. If price can stay below 1.6710 area I see this pair going back down to the recent low(1.6650) and possibly down to touch the weekly zone at 1.6590.
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Seeing that we are near the weekly support level and currently respecting the marked zone on the 4hr chart, I am anticipating a upwards correction to broken area shown above. Look for bullish momentum on 1hr to enter trade. OANDA:EURNZD
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Looking for either a bounce back up or a break and retest down to the recent lows.
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