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