Quick Technical Breakdown:
Current price: ~1.9503
Price has been in a clear downtrend since the peak around 2.04–2.05 area.
The blue descending trendline is acting as dynamic resistance.
Recent sharp sell-off took it down to the low 1.94s, then a small bounce.
There's a highlighted zone around 1.95–1.96 with a measured move / projection box pointing lower.
The 1.99 SMA is well above price, confirming the bearish structure.
My Take on the Setup:
The pair looks bearish overall. The RBNZ’s recent hawkish tilt (higher rates for longer due to oil/inflation) is supporting the NZD, while Europe is dealing with its own energy/inflation headache.
Potential Trade Plans for EUR/NZD:
1. Short Bias (Trend Following)
Entry: Look to scale shorts around the 1.9600 handle (previous support now resistance) up toward 1.9650, or on failure at the blue descending trendline.
Target 1: 1.9400
Target 2: 1.9265
Stop Loss: Above 1.9722 (recent swing high + buffer)
Risk Note: Friday’s US Non-Farm Payrolls could cause a big USD move, which often spills over into EUR and NZD crosses. Keep position size small heading into that.
Current price: ~1.9503
Price has been in a clear downtrend since the peak around 2.04–2.05 area.
The blue descending trendline is acting as dynamic resistance.
Recent sharp sell-off took it down to the low 1.94s, then a small bounce.
There's a highlighted zone around 1.95–1.96 with a measured move / projection box pointing lower.
The 1.99 SMA is well above price, confirming the bearish structure.
My Take on the Setup:
The pair looks bearish overall. The RBNZ’s recent hawkish tilt (higher rates for longer due to oil/inflation) is supporting the NZD, while Europe is dealing with its own energy/inflation headache.
Potential Trade Plans for EUR/NZD:
1. Short Bias (Trend Following)
Entry: Look to scale shorts around the 1.9600 handle (previous support now resistance) up toward 1.9650, or on failure at the blue descending trendline.
Target 1: 1.9400
Target 2: 1.9265
Stop Loss: Above 1.9722 (recent swing high + buffer)
Risk Note: Friday’s US Non-Farm Payrolls could cause a big USD move, which often spills over into EUR and NZD crosses. Keep position size small heading into that.
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Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
➡️ Managed Forex Accounts manage.forex
➡️ Passing Services wepasschallenges.com
➡️ Premium Expert Advisors iqalgos.com
➡️ 1-on-1 Mentorship miamitradingacademy.com
➡️ Best Prop Firm | 15% Off Code "MIKE15" @ 8figuretrader.com
➡️ Passing Services wepasschallenges.com
➡️ Premium Expert Advisors iqalgos.com
➡️ 1-on-1 Mentorship miamitradingacademy.com
➡️ Best Prop Firm | 15% Off Code "MIKE15" @ 8figuretrader.com
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.