EURNZD - Indecision at resistance Short

Euro Fx/New Zealand DollarFXCM

Description

⋅ Oct 6, 2016 5:46 AM

Price is stalling after a very powerful upmove on EURNZD this week. Bull's look as though they could be running out of steam and price could retrace back to around 1.5550 - 1.5500 area.

There is bearish divergence signifying a possible top for now.

SELL on a retest of 1.5650