MtxTrader

EURNZD 4h/1h Possible Inverted Head and Shoulders

Short
MtxTrader Updated   
FX:EURNZD   Euro / New Zealand Dollar
A similar possibility to EURUSD on the 4h - so if price heads down on both those pairs, there will theoretically be an inverted head and shoulders.

The rest depends upon the strength of the Euro's NZD and USD pairings.

I also may look for a short, with a sell stop order at the green line and a target of slightly above the next area of immediate support.
Comment:
Looks about right
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