Hello and welcome to my Trade Idea of the currency pair EUR/NZD.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is bullish. Also the last monthly candle closed as big filled bullish candle.
Weekly: We see on the weekly timeframe a bullish momentum too.
Daily: The strong trendline will be drawn on the daily timeframe. The second touch included a fakeout.
Have a nice day.
Lets start with the Top Down Analysis.
Monthly: The monthly timeframe is bullish. Also the last monthly candle closed as big filled bullish candle.
Weekly: We see on the weekly timeframe a bullish momentum too.
Daily: The strong trendline will be drawn on the daily timeframe. The second touch included a fakeout.
Have a nice day.