EURNZD is trying to jump to the ceiling

  • Nov 02 2021
  • by
  • Analyst AZA
EURNZD is trying to jump to the ceiling

EURNZD is trying to jump to the ceiling

The EURNZD currency pair has grown significantly over the past couple of hours. It is possible to open a long position with a small target to the nearest resistance level at 1.6300. This is a strong resistance level that has stopped price movement before. If the dynamics of the price movement shows active growth, then the position mayhap is opened. Be careful not to open a position if the inertia of the price movement decreases and the bulls begin to weaken.

Symbol: EURNZD
Order Type: Pending Order - Buy Stop
Entry Price at 1.6275
Take Profit at 1.6300
Pips Earning: 25

Forex trade strategy for major currency pairs:
EURUSD sell at the price of 1.1585
USDJPY sell at the price of 113.45
GBPUSD sell at the price of 1.3625
XAUUSD buy at the price of 1797.00

The result of a trade recommendation.

The result of a trade recommendation.

img
Forex technical analysis
The profit can be $180.55 if the trading volume of 100000 EUR (1 Lot).
tags

Promotions

top authors

Fundamental analyst

Stan Zabar
Fundamental analyst

Head of Analysis Department

Michael Wallenberg
Head of Analysis Department

Economic Observer

Alan Dofine
Economic Observer

Call US Feedback
en de nl fr pt es it uk zh ko ja ar ru pl tr