Euro / New Zealand Dollar
Short
Updated

EURNZD: Confirmed Breakout Of Rising Channel

1243
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

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.