Inside the Currency Market: EUR/NZD

EUR/NZD. Bottom. 1.6964. Range break above 1.7249, 1.7370, Below 1.6853. Overbought sell point 1.7129, Failure point 1.7090. Strategy.Long above 1.7051, Target 1.7129 then reverse to 1.7090 and 1.7070. Points on the way up, 1.7072, 1.7090, 1.7110, 1.7129.

Shorts below 1.7050, Target 1.7007. Watch here for reversal to 1.7050 and higher. Points on the way down, 1.7047, 1.7037, 1.7027, 1.7018, 1.7009, 1.6986, 1.6964 Bottom. Point 1.7007 must cross to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

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