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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.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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