EUR/NZD: the opportunity is still here

EUR/NZD: the opportunity is still here

2019-11-11 • Updated

Trade idea

SELL 1.7055; TP 1.6990; SL 1.7070

When looking for pairs to trade to benefit from today’s meeting of the European Central Bank, pay attention to EUR/NZD. We already drew your attention to this pair last week, and the idea still looks good. Moreover, the pair has actually confirmed a “double top” on the D1 as it tried to retest the neckline and got rejected to the downside. Now it’s possible to join sellers on the break below 1.7060 (50% Fibo of the July-August advance, 100-day MA) targeting 1.6985 (100-week MA). 

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