EURNZD has just broken a falling wedge in the daily chart and is now moving in the demand zone, the price is ready to push up developping the A corrective wave, if we look at the price action in a larger tf we notice that the red line ( around 1.76) is equal to the 200- day moving average and the 50% fibonacci retracement, so that could be a valid take profit price.
Pay attention to New zeland economy's news because we need to see the unemployment rising in next month.
Use a proper money management
enjoy your trading!
Pay attention to New zeland economy's news because we need to see the unemployment rising in next month.
Use a proper money management
enjoy your trading!