Looking @ the Published Chart. I will be using the Price level of 1.7740 has my inflection point. I have expectation for continuation to the UPSIDE in as much as we stay above 1.7740. I expect the following scenario: If the Market OPEN in BALANCE right where it closes last week, a) I expect us to test 1.7743,bounce off from here and resume the buying of EURNZD and potentially in a gift case scenario test of 1.7708 which would potentially give me a reason to consider this bearish if I do not see quick aggressive buying b)I will take a look @ NZD continued weakness will definitely help this trade so it is worth keeping an eye on as well.
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