EURNZD Analysis Week of August 14, 2016

FX:EURNZD   Euro / New Zealand Dollar
164 2 14
Price failed to go lower on the daily. Strong impulsive with followed with corrective.

On 4H chart we can see there being a beautiful bullish flag formation which was the corrective move. I expect price to move up to 1.61516 this week.
I agree with the hammer printed on the daily!
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