EURNZD, H4
EURNZD currently navigates within a 'head-and-shoulders' pattern and retesting the ‘neck’ of the pattern at the 1.7850 support and 38.2 Fibonacci ratio.
- Consider a short trade on EURNZD on a breaking below the 1.7850 support with the target at 1.7630.
Trading foreign currencies on margin involves significant risks and may not be suitable for everyone, as high leverage can increase both potential gains and losses. Before entering the foreign exchange market, it is essential to evaluate your investment goals, personal experience, and risk tolerance.
Author: Timur Yurdagyul
