On the EURNZD chart we can see a few things that makes me believe that market is going to reverse to the downside.
- 38.2 fib of the move between may 2015 and sept 2015
- 61.8 fib of the move between sept 2015 and dec 2015
- 61.8 fib of the move between jan 2016 and dec 2015
- Previous structure
Target 1: 1.6364
Target 2: 1.615
Target 3: 1.588
Best of luck!
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