EUR/NZD Forex Analysis and Forex Signal

EUR/NZD broke below key support on the D1 timeframe.

EURNZD broke support D1

What others are predicting

We see other traders’ analysis on the live trading charts, that show:

still more room to fall
Double Top on Daily Timeframe after testing the Resistance.
We got our signals pending order on this pair last week. And the pending entry was hit automatically by a small 1h correction. Everything goes well that this pair is going to hit our 1st tp soon today. Will post our signal screenshot here later after tp1 hit. Reason to short: 1. Strong RSI DIV with the red pressure line; 2. The end of the weekly 3rd wave with bearish signals.

Here are my thoughts!

As long as price does not break the previous major resistance area, then we will continue to trail stop the short positions.

EURNZD broke support D1

Our target range for the short entry is: 1.72000 – 1.66000

Cheers to another successful week!

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