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EURNZD Weekly Forex Forecast 1st December to 7th December by yshashmi37 on TradingView.com
Midterm forecast:
1.6815 is a major resistance, while this level is not broken, the Midterm wave will be downtrend.
We will close our open trades, if the Midterm level 1.6815 is broken.
Technical analysis:
While the RSI resistance #1 at 43 is not broken, the probability of price increase would be too low.
A peak is formed in daily chart at 1.6790 on 11/22/2018, so more losses to support(s) 1.6225, 1.5830, 1.5255 and more depths is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 27.
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