Our current EURNZD short is going perfectly as expected. I would like to close the gap on the current short but there are yet a few major supports to break through and I believe a pull back to a previous major support/resistance will be necessary. Therefore, this opens up the potential to a secondary short trade to take this down further.
The 1W chart shows...
Looking upside breakout from wedge. However keeping mind coming elections in April, which could turn euro lower. NZD could be little overpriced so correction might be possible.
