EURNZD FAKE BREAKOUT

EURNZD has gone through a fake breakout and with NZD gaining strength and EUR getting weaker we see a good potential to short the pair. This hypothesis is supported by candle stick patterns as well as oscillators. We see a LUS as a candlestick pattern suggesting a bearish reversal and an overbought situation. For entry we suggest the following:
Entry: 1.69-1.70
SL: 1.71 or higher

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