Inside the Currency Market: EUR/NZD

Direct from MA system, big breaks 1.6997 and 1.6993. If 1.6993 breaks then far lower we see.

EUR/NZD. Bottom. 1.6881. Range break above 1.7600, Below 1.6993. Overbought sell point 1.7065, Failure point 1.7021. Strategy. Longs above 1.6967, Target 1.7065 then reverse to 1.7015 and 1.6993. Points on the way up, 1.6971, 1.6977, 1.6999, 1.7021, 1.7043, 1.7065.

Shorts below 1.6965, Target 1.6923. Watch here for reversal to 1.6965 and higher. Poinys on the way down, 1.6962, 1.6951, 1.6940, 1.6929, 1.6923, 1.6902, 1.6881 Bottom. Point 1.6923 must cross to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

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