Greetings Forexia Family, Lets break down the analysis on EURNZD. From the daily chart we can see that the pair has broke the support level and acting as resistance. Where we have many sellers.
As well we have up trend forming as you can see above picture.
In the lower time we can see that pair has micro obvious downtrend and formed wedge formation during the “Thursday”, it is possible to form “Thursday Reversal”.
We might see big push down, inducing the sellers into market and shifting the market quickly from sellers. In that case, i will take the DCR or ECR for better entry.
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Please use proper money management.