OANDA:EURNZD   Euro / New Zealand Dollar
EUR/NZD slightly broke through its support for the past few day at the Fib level 23.6% (1.74455). The 20 day bollinger band M.A is at the 38.2% fib level and it is on a downtrend. The price action has not had a sustainable breakthrough from the 20 day bollinger band m.a since April 30th. With Aroon up and Aroon down having a parallel downtrend pattern, and today's candlestick stuck at he 23.6% fib level, the price action at this point can go either way.

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