EURNZD: Bias is to the downside

FX:EURNZD   Euro / New Zealand Dollar
127 1 1
Last week we have a nice break towards the downside following ECB conference. This week, we are looking for a trend continuation setup should price retrace back towards the previous structure level.

Aggressive traders can also look for a sell stop breakout trade towards the downside should price breaks the immediate support level .
Great analysis mate. Clean and simple. ECB monetary easing heavily influencing a bearish outlook from a fundamental perspective, paired with some decent price action. All the best :)
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