Inside the Currency Market: EUR/NZD

EUR/NZD. Bottom. 1.7791. Range break above 1.7901, 1.7922, Below 1.7860, 1.7839. Overbought sell point 1.7994, Failure point 1.7940. Strategy. Longs above 1.7881, Target 1.7994 then reverse to 1.7937 and 1.7910. Points on the way up, 1.7887, 1.7893, 1.7916, 1.7940, 1.7967, 1.7994.

Shorts below 1.7881, Target 1.7836. Watch here for reversal to 1.7881 and higher. Points on the way down, 1.7879, 1.7866, 1.7854, 1.7846, 1.7839, 1.7825, 1.7813, 1.7791 Bottom. Point 1.7836 must break to go higher.

EUR/CAD Next

Brian Twomey, Inside the Currency Market, btwomey.com

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