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EUR / NZD: Signal for short

EUR / NZD: Daily chart – downtrend

Price below diagonal resistance and 50MA

Price action: Pin bar on resistance – negative signal

indicators:

50 / 200MA: 50 under 200 – a negative trend

CCI (50) below 0 – negative territory

SL 1.5113

Alternative scenario: If the price crosses above the 50MA it can spoil the negative formation and see new upward momentum.

Jr_Trader_I_Ivanov


 Varchev Traders


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