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bajapips

EURNZD False Breakout

Long
Euro / New Zealand Dollar (FOREXCOM:EURNZD)  
bajapips  
FOREXCOM:EURNZD   Euro / New Zealand Dollar
Chart Patterns Trend Analysis
2
0
chartpattern trendanalysis
EURNZD has recently broke 1.820 support but failed to go lower and instead formed a R bottom formation.

Looking to retest 1.8470 monthly highs.

For the downtrend to continue I would need to see 1.8150 lows taken out with strong selling.

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