Trade Ideas to Follow This Week
EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/NZD reached sell target 1.5700
2019-11-11 • Updated
- EUR/NZD reached sell target 1.5700
- Next sell target - 1.5480
EUR/NZD continues to fall after the earlier breakout of the support level 1.5700 (previous sell target, which has been reversing the price from the start of May, as can be seen from the daily EUR/NZD chart below). The breakout of the support level 1.5700 should accelerate the active minor ABC correction 2 – which started earlier from the key resistance level 1.6200. EUR/NZD is expected to fall to the next sell target at the next support level 1.5480 (previous resistance level from March and the target price for the termination of the active correction 2).
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