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

EURNZD Analysis

Raul Lopez

I've been trading the markets for more than 15 years. I believe the best way to trade is by adapting to the market conditions. You can learn it too, join our community .