EURNZD: Buy Opportunity
2019-12-10 19:43:29
The price bounced from the support zone formed by the uptrend line and 1.68000 level. RSI confirmed the price reversal. The same goes about MACD histogram, which also supports an upward movement.
In spite of bearish signals from DMI, we have reasons to buy using the daily or the lower timeframes, if you want to get a better entry level.
Stop orders must be placed below 1.68000 support. Profit targets should be at SMA200 and resistance levels. Don't forget about proper risk and money management.