EURNZD: Interesting weekly uptrend potential

$EURNZD is an interesting pair here, with $NZDUSD very overextended, and $EURUSD in a monthly rally, it becomes a low risk trade opportunity for the technical trader. Fundamentals imply weakness in the dollar, and it might be a good idea to consider seeking to profit from the imbalance between certain currencies, trading cross pairs that are over extended.

Best of luck,

Ivan Labrie.

Comment:

Trade closed manually:

If still in, consider banking it. Gold might strengthen the Kiwi, making this pair stop trending.