EUR/NZD Daily Price Forecast – 26th June 2025

EUR/NZD Daily Price Forecast – 26th June 2025

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EUR/NZD Daily Price Forecast – 26th June 2025
EUR/NZD Daily Price Forecast – 26th June 2025

Trade Summary:

EURNZD
Buy Stop @ 1.93343
TP @ 1.93919
SL @ 1.92353

________________________

EUR/NZD Technical Analysis (H4 Chart)

Key Levels:

  • Buy Stop: 1.93343

  • Take Profit (TP): 1.93919

  • Stop Loss (SL): 1.92353

Trend Analysis:

  • The EUR/NZD pair is currently in an uptrend, as indicated by the higher highs and higher lows visible on the chart.

  • The price is trading above the 50-period moving average (yellow line) and the 200-period moving average (red line), which confirms bullish momentum.

Moving Averages:

  • The 50-period moving average is sloping upwards, indicating short-term bullish momentum.

  • The 200-period moving average is also trending upwards, confirming a longer-term bullish bias.

Price Action:

  • The price has recently consolidated near the 1.93140 level, forming a potential base for further upward movement.

  • Buy Stop is placed at 1.93343, slightly above the current consolidation zone, to capture a breakout.

Risk-Reward Setup:

  • The Stop Loss (SL) is set at 1.92353, below the recent swing low, providing a safety net in case of a reversal.

  • The Take Profit (TP) is set at 1.93919, targeting the next resistance level.

Indicators:

  • The price action suggests bullish momentum, but the lack of oscillators (e.g., RSI or MACD) on the chart means additional confirmation from other tools may be needed.

Trade Plan:

  • Entry: Trigger the Buy Stop at 1.93343 if the price breaks above the consolidation zone.

  • Stop Loss: Place the SL at 1.92353 to limit downside risk.

  • Take Profit: Target the TP at 1.93919, which aligns with the next resistance level.

See also  CAD/JPY Daily Price Forecast – 4th March 2021

Conclusion:

The EUR/NZD pair is showing strong bullish momentum, supported by moving averages and price action. The trade setup offers a favorable risk-reward ratio, with the potential for a breakout above the consolidation zone. However, traders should monitor for any signs of reversal or weakening momentum before entering the trade.

Recommended Lot Size

Trading is all about statistics.

While we can experience winning streaks, we can also suffer from losing streaks.

As such, we should always size each trade to withstand losing streaks (if any).

It’s widely recommended that you should not risk more than 2% of your capital for each trade.

We believe it’s easier to control your lot size by limiting your lot sizing to 0.01 for every $500 in your account.

So if you have $5000, then risk no more than 0.10 lot size per trade.

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If you spot a mistake especially when it comes to the price, please use common sense and check the chart.

We wish you good luck and good profit for this trade idea.

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See also  AUD/USD Daily Price Forecast – 17th April 2024

 

 

 

 

 

 

 

 

 


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