EURNZD potential bounce (LONG)

10 giu 2014

4 hr chart for the EURNZD getting close to the 0.786 Fib off the low from May 15th - @1.5845. We can potentially anticipate the move out of the falling wedge being worked on. A past support of 1.5950 - 1.5980 looks promising as a target going forward into the week. Even @1.5800, the entry would look really interesting.
Long @1.5845
Stop @1.5800
1st Target @1.5850
2nd Target @1.6020