EURNZD Weekly Analysis | Educational Video | Sureshot FX
Chart: https://s3.tradingview.com/snapshots/...


Hey fellow traders, In today's video, we've shown the weekly forecast of EURNZD market & tried to understand its direction for the upcoming week from a Smart money concept (SMC) viewpoint.


Firstly, we've recapped last week's price action of the EURNZD and saw the strong bearish momentum still controlling the market. Moveover, there are no significant zone from which market may change it's direction. So, we're assuming that market may continue it's bearish movement this week as well from the supply mitigation.


Next up, we've reviewed the HTF market structure of the EURNZD & showed the potential target to which market may reach in the upcoming days. We also tried to understand when the market structure will be invalid and will reverse completely (If the price impulsively breaks swing high). Let's see how the market plays out according to our weekly forecast.


Let's summarize the forecast


✅ EURNZD bias is potentially Bullish this week.
✅ Last week market maintained it's bearish orderflow.
✅ So, we'll be looking for short setups until structure switches bullish.


Based on the current technical standpoint, I believe the EURNZD may continue Bearish momentum after Orderblocks gets mitigated. Let's see how the market unfolds this week.


Disclaimer: Don't blindly trade from these forecasts rather use these as a potential direction for the week, The Market may or may not respect the analysis. Use your own analysis to take trade from these forecasts.


Thanks for joining me today, and I'll see you in our next video!


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