FX:EURNZD   Euro / New Zealand Dollar
Market stalled after pulling back to between 50% and 61.8% retracement of recent swing high to swing low. This area coincides with the resistance zone . From the daily, we can see rejection of higher prices in the form of long upper wicks in the daily candles. Market has tried to push down once after the pin bar on 12 Aug 2014 but it has now returned back up and formed another pin bar yesterday. Will the market finally resume the overall downtrend from here? Or will it breaks out and start a bullish trend?
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