Realisto_FX
Short

EURNZD in Free Fall

FX:EURNZD   Euro / New Zealand Dollar
25 1 4
Watch the descending trend lines . If this month closes at current levels, we´ll assist to a free fall in unknown territory. However if price action reverses its course, we could see a interesting long term recovery

Institutional World Currency Fund
http://www.bloomberg.com/quote/GARWCAE:LX
http://www.realisto.net
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UPDATE : The free fall continues with no signs of reversal . However we need to pay attention to this month closing price . Any reversal requires a daily close above 1.42 . I don´t recommend to try any countertrend position yet
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