Adefxc

EUR/NZD short-term short

Short
OANDA:EURNZD   Euro / New Zealand Dollar
The pair has a reversal potential on the downside of the market. If the retest of 1.5985 resistance level is a success, the price could take a new reverse and begin a short phase with a mark towards 1.5646 to complete the second leg of the range, and retest the lowest of the year.

Plausible Note, the pair is technically using the 200-SMA as a strong resistance zone ahead.

You might want to stay close to this pair as well.

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