EURNZD looks to be heading for 1.5276 some 200 pips away from where we closed last week. 1.5276 is horizontal resistance and the 200 sma on the DTF. Studies highly stretched with H1 H4 and D1 overbought and H4 TDI is looking like it is weakening and crossing south suggesting we are going to see price move down from these levels.
The short term construction remains BULLISH but the overall construction remains BEARISH as long as we remain below 1.5267.
Trade idea.
Very likely we will gap open higher and this could be a trigger to SELL.
SHORT under 1.5022.
No LONG trades from these levels.
The short term construction remains BULLISH but the overall construction remains BEARISH as long as we remain below 1.5267.
Trade idea.
Very likely we will gap open higher and this could be a trigger to SELL.
SHORT under 1.5022.
No LONG trades from these levels.
