Short again on EUR NZD
Hi folks:
After a strong reversal it looks like we are going back to the bearish mood.
We have hit the black resistance line, almost at the top of the decending channel trendline and it all points to a resuming bear trend to the next support at 1.599ish
Mind that there are no major support from 1.59 to 1.52, so we could plummet quite quickly in the event of breaking out the next support (1.59ish).
Cheers.
After a strong reversal it looks like we are going back to the bearish mood.
We have hit the black resistance line, almost at the top of the decending channel trendline and it all points to a resuming bear trend to the next support at 1.599ish
Mind that there are no major support from 1.59 to 1.52, so we could plummet quite quickly in the event of breaking out the next support (1.59ish).
Cheers.
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