FX:EURNZD   Euro Fx/New Zealand Dollar
22 1 1
In line with the NZDUSD             Short scenario posted earlier. This pair supports the latter due to the following reasons. The 2015 swing highs and lows constitute the fib foundations and we can clearly see a bounce off the 50% retrace of level which further coincides with the 200 Moving Average applied on the Median price. The result was a push up and rejection constituting a trend-line. Now on the line chart we can see a clear break out of the line and I do project that this pair will move higher and hit 1.9 which is the first fib extension level.
Think this is still valid?
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