The Social Traders | EURNZD Short

OANDA:EURNZD   Euro / New Zealand Dollar
Having come from quite a large impulse to the down side I do believe we are due a slightly larger pullback/correction. to highlight we are still in a bearish cycle we have recently broken a daily low. My ideal area of interest would be on the 3rd touch of this descending trendline. In this region we line up perfectly with the 1.79000 key level and also the 50% fibonacci retracement level. This would be extremely clean.