EURNZD Long Analysis
Take a look below you will see the previous analysis of this pair.
Originally price formed a double bottom.
Price retraced to the neckline as expected.
After the retracement priced formed a doji on the daily (signally a possible reversal after the downtrend/sell of).
This area was near 61.8 fib level, which is where price respected and found support at this level, then began it's push up.
Here is an image of the previous analysis, performed on March 27
Originally price formed a double bottom.
Price retraced to the neckline as expected.
After the retracement priced formed a doji on the daily (signally a possible reversal after the downtrend/sell of).
This area was near 61.8 fib level, which is where price respected and found support at this level, then began it's push up.
Here is an image of the previous analysis, performed on March 27
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