FX:EURNZD   Euro / New Zealand Dollar
Not much fundamental reason to short this pair this morning but the technical set up gives us a good risk reward ratio and an opportunity to take advantage of the candle stick pattern and the declining trend line on the daily chart . The engulfing patttern shows sellers coming into the market as the price rejects the declining trendline trading it down to the previous support gives over a 3:1 risk reward. Lets see what happens. Join me this morning for the FREE webinar on what I am trading this morning and a look into the possibilities for the Non Farm Payrole.
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