EURNZD: Retracement Finally?
EURNZD is finally stopped by the upper trendline of the channel. If the daily candle close below it, chances are traders are going to short this pair. RSI is overbought, price is dropping sharply in the last few hours. This could be the moment of the 4 weeks trend reversal. Let's see if EURNZD can drop to the 50% Fibo level, which is an important horizontal support in the same time.
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