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EUR/NZD – Eyes inverse head and shoulder neckline

FX:EURNZD   Euro / New Zealand Dollar
Pair’s repeated rebound from 1.50 levels in the past few sessions followed by a break above the descending trend line hurdle seen today suggests the cross is likely to test the inverse head and shoulder neckline level stationed around 1.5280.

On the downside, only a daily close below 1.50 would revive bearishness.