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Euro / New Zealand Dollar
Short

EURNZD: Confirmed Breakout Of Rising Channel

By VasilyTrader
Updated
snapshot

Euro shows its weakness again all major forex pairs.
New Zealand is not an exclusion.
After the market has reached 1.757 structure resistance,
we see a very strong rejection and strong bearish breakout of a rising channel.

Most likely the tendency will continue and during the next few weeks we will see bearish continuation to
1.725 major structure support.

Note
Stop to breakeven for protection
Chart PatternsCurrenciesEUREURNZDeuroForexnewzealanddollarNZDTechnical AnalysistradingTrend AnalysisWave Analysis
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