EUR/NZD analysis

[June Moon]

In the EURNZD market the market is going up and 1.6965 is a strong resistant point and hopefully the market will come back soon. Hopefully the market will come back again to the moving average point. To the sellers the entry point is at 1.6965 and the closing point is at 1.6877.

 

[Lee Mark]

What’s the update about your analysis? I mean, your current idea on this pair?

 

[Svetlana Loboda]

In the EURNZD market the market is going up and 1.6965 is a strong resistant point and hopefully the market will come back soon. Hopefully the market will come back again to the moving average point. To the sellers the entry point is at 1.6965 and the closing point is at 1.6877.

Really strange! Because, the trend is a clear uptrend; so why you are interested to sell? Can you please explain/

 

[lioneld]

Really strange! Because, the trend is a clear uptrend; so why you are interested to sell? Can you please explain/

I think, maybe he was talking about short term entry; besides all traders don’t rely on only trendy opportunity.