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Mancoba_Thabethe

EURNZD Descending Channel possible scenarios

Euro / New Zealand Dollar (FOREXCOM:EURNZD)  
Mancoba_Thabethe  
FOREXCOM:EURNZD   Euro / New Zealand Dollar
Support and Resistance Trend Lines Parallel Channel berish Bearish Patterns bearmarket breakout breakouttrading breakoutsignal breakandretest
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supportandresistance trendline parallelchannel berish bearish bearmarket breakout breakouttrading breakoutsignal breakandretest
So far the pair has been moving in a bearish channel. So far the market has bounced to the upside and looking to hit the upper resistance of the channel. A strong rejection will indicate a continuation of the bearish channel. A breakout will signify a reversal and the start of a new trend.
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