02.04.26 Daily Forecast

289
Pairs on Watch -

EURNZD : We can see from the higher timeframe that price is very bullish to the upside, however we have not had any pullbacks for multiple days. The lower timeframe is showing a double top formation and starting to sell back off on the 1H, there could be an opportunity here to play the sells as a pullback down to the bottom of the range before the buys come back in.

EURUSD : A potential short play here with the view that the DXY is still bullish and the short term sell off from the highs was a sell trap. If the DXY starts to consolidate, we could see this pair build a solid 15M continuation we can get short within and play down to the bottom of the range. Development is needed here but could offer a great sell opportunity in line with the DXY heading long.

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