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simple_don

EUR NZD backed up on 1.7000 and looks ripe for markup phase

Euro / New Zealand Dollar (FX_IDC:EURNZD)  
simple_don  
FX_IDC:EURNZD   Euro / New Zealand Dollar
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Within the context of a much larger accumulation patter dating back to 2012 (6 years) EURNZD, I believe had good odds for a mark up (up-trend) over the next 3-6 months. as mentioned previously the 1.7000, I believe is key. This week we have seen the marked test and rebound. Until we get a closing high, then a test and then a new closing high > 1.7200 I'll remain on guard.
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