EURNZD - We've seen three attempts by bulls to break through resistance. Another attempt by bulls? Watching for signs of a reversal. EURNZD is up 1200 pips YTD, 900 pips since July. Bulls need to muster a convincing break above resistance or seller's are likely to step in. Watching for any signs of life in NZD index... EUR is starting to show possible signs of weakness in other pairs. See EURCAD channel breakdown related idea.
Placing sell limit at resistance, with stop above the highs... Three rejections tells me fourth attempt likely to be rejected as well...
Will update the idea as it progresses.
Placing sell limit at resistance, with stop above the highs... Three rejections tells me fourth attempt likely to be rejected as well...
Will update the idea as it progresses.
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