EURNZD: BREAKOUT BEARISH CHANNEL!

Technical framework is very attractive for eurnzd, this week . On daily time frame, the price has bounced off the lower trendline of our bearish channel, we can't exclude a consolidation around 1.4884, but current dynamics on intraday time frame, could support a continuation of the technical bounce. Our setup on H4 and H1, which we will post only if this analysis/idea will receive at least 100 "I Like", will help us understand what are the levels of support and resistance which will enable us to take a position with good Money management (R/R > 1:3).

Hello Traders! We hope that our analysis can help you in your trading and if you are interested to receive real-time updates about this analysis, click on "I Like" BUTTON on the chart
... thank you very much!!

SignalSwiss
TRADING ROOM: www.nonsolotrading.com

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This pair is still very interesting, especially after New Zealand data released this morning. We maintain a bullish view, at the time.

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OUR OLD LEVELS & SETUP:

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