EURNZD H4 LONG PRICE ACTION FORECAST

Expecting correction to 6.81 Fibonacci level for a buy-limit entry, right at the clear demand zone. MACD is also showing a strong bullish bias.

Fundamentally speaking, it was expected a diminished EUR after the dovish report from the ECB. However, despite the odds, the currency is trading higher, where the major pair EURUSD has broken its channel of consolidation heading to a fresh high.

S/L: 80 pip & R:R | 1:2

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Price action reversal trigger order but the outlook has more seller preassure. Close manually in BE