EUR/NZD may test the uptrend
Have a look at the pair EUR/NZD as it might present some interesting trade ideas.
EUR/NZD: the downtrend is still on
Trade idea
SELL 1.6500; TP1 1.6465; TP2 1.6410; SL 1.6515
EUR/NZD has stalled ahead of the downtrend resistance line. The pair formed a “shooting star” candlestick on the daily chart. The main support is located in the 1.64 area, where the pair has met support twice during the latest month. As a result, it’s possible to expect a minor movement to the downside.
Elizabeth Belugina
Similar
EUR/CHF: the final target
Although EUR/CHF has already made a big leap to the downside, the weekly chart shows that the decline looks unfinished.
USD/CHF may decline
As the CHF is considered as a stronger kind of safe haven, we propose a USD/CHF short trade.
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