EURNZD: Long back to 1.65654

FX:EURNZD   Euro Fx/New Zealand Dollar
EURNZD's biweekly downtrend signal target has been 'hit' (missed by peanuts), so it's likely going to rally back to the downtrend mode, up there at the 1.65654 mark. You can enter longs at market, or buy dips to support in the daily chart to profit from this phenomenon. Stops should be below 1.5237. Have fun.

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Ivan Labrie

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Risk disclaimer: My analysis is provided as general market commentary and does not constitute investment advice. I will not accept liability for any loss or damage including, without limitation, to any loss of profit which may arise             directly or indirectly from use of or reliance-0.38% on such information.
Comment: PBOC starting to sell some NZD in their basket of currencies?
Just a theory...The chart demands immediate downside here.
Always worth it to see what China is up to.

Comment: Good progress from entry. Anticipating further upside for a long time.
On the same page. I'm probably too greedy and hoping we get a deeper dip sub 1.522 to initiate long.
A dip below 1.522 would be quite bearish actually.
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