For the past several weeks, bears have been in control of the price change on EUENZD price chart, and they were able to dump the price within a significant ascending wave. The bearish trend line on the price chart of this pair has recently been subjected to several bullish attempts and the price line is now located below this dynamic resistance, approaching to the static support zone, highlighted as red. Sellers can expect a good trading situation to come up shortly. Traders should keep a sharp eye on the chart to detect a break above the dynamic resistance; there they can enter long positions, heading to the resistance levels above the current position of the price line.
• There is a resistance level at 1.71169 followed by resistance at .72000 and 1.74000.
• There is a support level at 1.67777. Below, there is 1.67000 and 1.66900.
Note: We do not suggest any investment advice, and these analyses are just to increase the traders’ awareness but not a certain instruction for trading.
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