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DeGRAM | EURNZD short opportunity

Short
Euro / New Zealand Dollar (FX:EURNZD)  
DeGRAM  
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Chart Patterns Support and Resistance eurnzdanalysis eurnzdsignal
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trendanalysis chartpattern supportandresistance eurnzdanalysis eurnzdsignal
EURNZD is in the consolidation zone following the drop from the resistance. It is creating the AB=CD pattern.

Price is testing the resistance level and the 50% retracement level. The market is coiling up before the new expansion.

We anticipate a breakout of the consolidation zone and a trend continuation, completing the AB=CD pattern.


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