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EUR/NZD Bullish But at a Crucial Support

Nenad Kerkez
EUR/NZD Bullish But at a Crucial Support

Dear Traders,

The EUR/NZD has spiked yesterday but then dropped during the night as NZD gained bullish momentum. However, it is still bullish.

The pair is at a crucial support which is formed by the confluence if ATR pivot, Weekly L4 and Wizz base level. A bounce from 1.7300-30 is bullish and targets are 1.7372 and 1.7427. Above 1.7427 we should expect W L3 camarilla to be hit – 1.7486. However a loss of 1.7275 might probably tank the pair to 1.7200 and make it neutral.

The analysis has been done with the CAMMACD.MTF template.

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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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