EURNZD [1DC] 2 Directions with a short bias!

22 เม.ย. 2018

EURNZD
The pair had a breakout to the downside in the beginning of April. Traded to the nearest obvious support at 1.66877 then bounced off to retest the broken channel where it meets a double resistance represented in the broken channel and the upper monthly wedge. I have a bias to the short side as EUR would be falling ahead to the NZD. A short swing targeting 1.67600. A long position can be opened from 1.72