Yesterday I wrote about the EUR crosses, I mentioned that most of them are in a bullish condition, therefore I’m looking for long opportunities on most of them.
But what if you had one of the EUR crosses in a bearish condition? How do you deal with it?
Here is how I do it.
As you already know, most of the EUR crosses are in a bullish condition, including: the EURUSD, EURGBP, EURCAD and EURJPY.
But that’s not the case for the EURNZD, in fact, the EURNZD is actually trading in a bearish condition. Yesterday it broke through an important support level and the bearish condition was triggered. Here is the chart: