The pair has double topped on H4 and broken the second uptrend from the pull back last week. Moreover, the MACD on H4 has signaled the bearish crossover. With data expected to be negative from the Eurozone, a dovish ECB, and an oversold Kiwi, this pair is primed for a healthy sell off.
Best of luck and thank you for looking.
And as always, please feel free to comment your opinions below.
Best of luck and thank you for looking.
And as always, please feel free to comment your opinions below.
Trade active:
Euro has broken down nicely against the Kiwi and will continue to fall in the coming days and weeks. I plan on holding until my target region of 1.6750-1.6700
Trade active:
Continued breakdown.
Comment:
Initial target has been hit. I have closed out half of my positions and will continue to hold the other half for the long term.