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MujkanovicFX

EURNZD Potential Sell Setup on H4

Short
Euro / New Zealand Dollar (FX:EURNZD)  
MujkanovicFX  
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Technical Indicators EUR NZD EURNZD SELL sellsignal sellsetup short shortsetup
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trendanalysis indicator eur nzd eurnzd sell sellsignal sellsetup short shortsetup
Hi guys, EURNZD reached the upper channel resistance and retraced on the 78.6% Fib level. The current price-action signals a potential sell setup in the pair.

The recent strong upmove seems overstretched, confirmed by the overbought level in the RSI.
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