Inside the Currency Market: EUR/NZD

EUR/NZD. Bottom. 1.6584. Range break above 1.6706, 1.6805, Below 1.6629. Overbought sell point 1.6752, Failure point 1.6713, Watch 1.6706, may fail. Strategy. Long above 1.6670, Target 1.6752 then reverse to 1.6711 and 1.6691. Points on the way up, 1.6675, 1.6694, 1.6713, 1.6733, 1.6752.

Shorts below 1.6667, Target 1.6626. Watch here for reversal to 1.6667 and higher. Points on the way down,1.6658, 1.6649, 1.6639, 1.6630, 1.6605, 1.6584 Bottom. Point 1.626 must cross to go higher.

Brian Twomey, Inside the Currency Market, btwomey.com

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