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RandyFuego

EURNZD 1H Short

Short
Euro / New Zealand Dollar (FX:EURNZD)  
RandyFuego  
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Fibonacci Trend Lines
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trendanalysis fibonacci trendline
The price of the Euro has been fighting to break to the upside with little luck. The supply is heavier than the demand despite the Euro's attempts to recover value against other currencies. After failing to settle new highs against the NZD, we can expect the EUR to drop back down to support before we can see demand rise again.

This Idea can be better viewed on the 15 minute chart.
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