EURNZD trying to re-test the breakout level in 1hr

EURNZD Breakout and Re-test Analysis

EURNZD has moved in an uptrend by forming higher highs, higher lows in 1-hour time frame chart.

Recently EURNZD has broken the bottom zone of the Uptrend line.

Now, EURNZD re-testing the breakout level again. This might be a good sell opportunity for EURNZD. 

However, it’s a tight fight between the EURO and the NZD currency.

The US-China tensions growing day by day, Yesterday Trump gives executive orders for US companies to prohibit a business from Chinese Companies TIK-TOK and WeChat, the executive order says 45 days period of time TIK-TOK handed over to US corporation.

WeChat is Tencent china biggest software giant will reiterate in coming days.

US Dollar and Yen rose against all other currencies.

Positive Economic News data supports USD for bringing back confidence to investors.

Whatever Correction happens now in USD is just a temporary correction.

Let’s wait for the market to reach the major levels for placing the trade.

If you like to receive more best forex signals and analysis at an accurate time, subscribe to premium or supreme signal plan here:

If you need any help or have any questions, please click here to contact now.


Forex GDP team provides High Quality Forex signals services exclusively to all type of traders around the world. Each signal given with chart analysis that helps you to trade with confidence on your account. Forex GDP team worked with Major banks, Financial Institutions, Liquidity providers, Forex brokers in different job positions such as Equity Dealer, Fund Manager, Senior Market Analyst, Risk Manager and other major roles in Forex Trading Companies. Try free now to see the quality trades on your account.