EURNZD – Bearish condition, will it reach 1.6380?

Written by Raul Lopez on . Posted in Trades & Analysis

The EURNZD is trading in a very clear bearish market condition, yesterday it broke through an important short term support level (1.6863) and triggered its bearish condition:

Trading plan:

As long as the EURNZD trades below 1.6863 I’ll be looking for short opportunities. If it forms a significant pattern with downward pressure around the resistance level, I’ll definitely go short.

Long opportunities should be ignored.

Trade Safe!

Raul Lopez
Forex Course



Raul Lopez

I've been trading the forex market for more than 11 years. All my trades are based on price action. Check out my Forex Coaching program, I can help you develop a system that helps you trade consistently.
Raul Lopez Forex

Trading should be simple

I like to trade using simple tools such as support and resistance levels, candlesticks, price action and others. If you like simplicity, you'll love my Forex Coaching. Read more about me.

If you have any question about anything, please feel free to contact me at: or call +1 518 300 3828

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