Potential reversal zone

FX:EURNZD   Euro / New Zealand Dollar
16 0 0
The pair is heavily stretched, I'll be monitoring the 1.5500 level to see if there's any shorting opportunity. That level is an old support turned resistance and stochastic oscillator is already overbought. Any sign of weakness around this level (a pinball, a double top or a bearish divergence) may trigger the trade.
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