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ManWithBun
Oct 14, 2016 12:31 PM

EURO in trouble Short

Euro Fx/New Zealand DollarFXCM

Description

I think we are going to see major decline in all EURO pairs.

EURAUD appears to be the most exposed. Today it broke the support on a descending triangle.
EURCAD has made some impressive moves to the downside over the last 5 days but it has more room to run.
EURGBP has two gaps that will get filled.
EURUSD has recently broken to the downside and started forming a bear flag.

EURJPY has not broken its daily trend yet
EURNZD currently seeing weakness in Kiwi but watch for support break

Comment

All pairs doing well. Setting stops to BE

Comment

Most of these pairs moved amazingly. Expecting more downside
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