EURNZD BUY POSITION.
EURNZD is currently at a very interesting level from a technical perspective.
Why?
We are currently sitting on a key support level on the monthly timeframe, so naturally we will be looking for rejections.
However, what caught my eye on this particular pair is the fact that EUR is currently strengthening across the board so it would make sense to look for buying opportunities across euro pairs.
Both the technical & fundamental data are aligned with one another, which is why we will be buying this pair up to the 61.8 fibonacci level.
If you have any questions, feel free to send me a message.
Why?
We are currently sitting on a key support level on the monthly timeframe, so naturally we will be looking for rejections.
However, what caught my eye on this particular pair is the fact that EUR is currently strengthening across the board so it would make sense to look for buying opportunities across euro pairs.
Both the technical & fundamental data are aligned with one another, which is why we will be buying this pair up to the 61.8 fibonacci level.
If you have any questions, feel free to send me a message.
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