davidleekuanyong
Short

EURNZD Short --could it be start of a strong downtrend?

FX:EURNZD   Euro / New Zealand Dollar
I shorted EURNZD             when it broke the 1.565 level. I will keep an eye to see whether the daily close can close below 1.565. If yes, I will continue hold onto my short sell. If prices goes back up to 1.565 level, it will negate my downtrend analysis.

First downtrend target is the 1.5412 level while the second one is 1.52209.

Above is not a buy/sell call, do make double confirm with your trading strategy. All the best guys! :)
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