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VladimirRibakov

EURNZD Short Term Buy Idea Towards Key Resistance Zone

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Euro / Dólar Neo-zelandês (OANDA:EURNZD)  
VladimirRibakov  
OANDA:EURNZD   Euro / Dólar Neo-zelandês
Trend Analysis Fibonacci Multiple Time Frame Analysis EURNZD buy Bullish Patterns Bullish Divergence correction
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trendanalysis fibonacci mtfa eurnzd buy bullish bullishdivergence correction
D1 - Bearish trend pattern completed, bullish divergence.

Currently, it looks like a correction is happening.

Price still has room higher towards the key resistance zone formed by the 38.2% - 50% Fibonacci retracement zones.

H4 - The price which is moving higher has broken above a strong resistance zone.

Currently, there are no signs of a trend change.

Until the strong support zone holds I expect pullbacks and then further continuation to the upside,
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