Ive been waiting for this EURNZD pair to get to this level for a bit now. Being at the bottom of the trend line of the daily pattern EURNZD is now in an area it will have to make a decision. I will watch and mind any gaps upon the open and try to find a place to get long. I will also be watching for an overthrow which would help my position, or a fall through and retest at which i will look for something on the bearish side.
Comment:
Watching for a retest for a sell or move back up through trend line.
Comment:
pay close attention to the close, as this could be a retest and further move down, i prefer it to be bullish but will not ignore a very clear sign.