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foadhs

More pain for the Euro

Short
Euro / New Zealand Dollar (FX:EURNZD)  
foadhs  
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Beyond Technical Analysis Chart Patterns
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trendanalysis beyondta chartpattern
The Kiwi is coming off of oversold conditions against most of the major currencies and the Euro continues to be under economic and political pressure. The break of the ascending channel and the neckline of the head and shoulders pattern this morning is confirmation that this pair has some room to drop.
Entry at 1.70550, Stop loss 1.71550
snapshot
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