CHILLFOREX
Short

EURNZD - Double Top Formation forming

FX:EURNZD   Euro / New Zealand Dollar
EURNZD is in an uptrend which we have seen Slow down over the course of the last week or so, as we can see we have formed a Double Top formation and price is now at the Neckline, I am patiently waiting for a break and close below this level, a Re test of the Neckline is important to confirm that support is now acting as resistance
This pair has been hugely overbought of recent, with NZD weakening on the back on political uncertainty.
EURO is due a market correction due to the rally on the back of strong German Data and comments made from the European Central Bank
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