FX:EURNZD   Euro Fx/New Zealand Dollar
With the dust of Brexit still settling there is much uncertainty as to the direction of the world economy, we saw a significant drop in the GBP. As the U.K stabilizes itself with the injection of £250 Billion from the Bank of England
(http://www.independent.co.uk/news/business/news/mark-carney-says-bank-of-england-ready-to-inject-250bn-into-economy-to-keep-uk-afloat-after-eu-a7100486.html) coupled with the threat of other EU member states considering there own exits (France & Holland) this will lead uncertainty and may have a domino affect as suggested by Germany (http://www.foxnews.com/world/2016/06/25/germany-fears-brexit-could-trigger-domino-effect-leading-other-nations-to-exit-eu.html). No doubt a gloomy future for the Euro             hence why Economists are considering the Euro             to collapse in 3-5 years (http://www.cnbc.com/2016/06/24/after-brexit-the-euro-is-gone-within-three-to-five-years-one-expert-says.html).


DanV MOD
5 months ago
Thankyou for sharing your analysis and I agree with the conclusion, though the waves are little puzzling unless you are suggesting that it will be a Leading Diagonal ie 3-3-3-3-3 type. No doubt further price data will help clarify. Nevertheless appreciate your contribution.
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