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EURNZD – Heading towards weekly support: 1.6380

I don’t know about you, but I think the best moment to look for  short opportunites its when the market breaks through and important LT support level and confirms it afterwards… this just happened with the Euro/New Zealand.

The EURNZD broke through important LT support level last week, it looked as if it was going to get rejected but it continued its way down giving us opportunities to keep looking for short opportunities:

As long as the EURNZD trades below 1.6649 I’ll be looking for short opportunities.

What do you think about the EURNZD?

Trade Safe!

Raul Lopez
Forex Course

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Raul Lopez

I've been trading the markets for more than 12 years. All my trades are based on price action. Check out my Coaching program, I can help you develop a system that helps you trade with better results.