EURNZD cannot hold at the edge of the cliff
The currency pair has been in a downtrend for a long time. This trend is not fast and is declining step by step. In this case, the Euro is based on a weak support level, and bears can break it. The price is still below the 200 moving average. Our target of 35 pips is not large but quite realistic.
Order Type: Pending Order - Sell Stop
Entry Price at 1.6135
Take Profit at 1.6100
Pips Earning: 35
Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1580
USDJPY sell at the price of 113.50
GBPUSD buy at the price of 1.3780
USDCHF sell at the price of 0.9160
The result of a trade recommendation.
Forex technical analysis
The profit can be $252.77 if the trading volume of 100000 EUR (1 Lot).