EUR/NZD has been making a case for a downside correction a swing trade basis, although there are longer-term prospects for higher levels and the bulls are still doing some leg work on the shorter-term outlook. The daily chart shows that a correction is imminent to target a prior resistance structure. The 4-hr remains bullish above structure. Monthly prospects for upside Weekly bearish outlook Daily structure target Bears will target the tops of the extended W-formation, although bulls remain in control in shorter time frames. 4HR time-frame offers strong demand area There is the risk that the market moves higher prior to offering a shooting opportunity with good risk to reward. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/JPY bears cheer five-day losing streak while attacking 105.00 on the Fed’s day FX Street 3 years EUR/NZD has been making a case for a downside correction a swing trade basis, although there are longer-term prospects for higher levels and the bulls are still doing some leg work on the shorter-term outlook. The daily chart shows that a correction is imminent to target a prior resistance structure. The 4-hr remains bullish above structure. Monthly prospects for upside Weekly bearish outlook Daily structure target Bears will target the tops of the extended W-formation, although bulls remain in control in shorter time frames. 4HR time-frame offers strong demand area There is the risk that the market moves higher prior to offering a… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
