forexmonarchy

EURNZD Bearish potential (500+ pips)

Short
FX:EURNZD   Euro / New Zealand Dollar
Risk on still dominates the market, NZD and AUD are recovering mostly from the majors. Current support on this pair is holding for extended period after creating lower highs time after time. Now it finally looks it will break down, leaving 500+ pips of potential on the table. I want to see 1.82 ceased and tested to enter. Market will likely give us opportunities anytime soon since there are no major news or releases today. NZD remains favoured..
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