EURNZD: Breakout of support opens doors for shorts

Short

Euro / New Zealand Dollar (FX:EURNZD)

Updated

FX:EURNZD Euro / New Zealand Dollar

Trend Analysis EURNZD medianline

trendanalysis eurnzd medianline

Price broke below the sliding parallel of the median line set, which acted as support and has now pulled back testing it as resistance. Watch for a sell setup compeltion at this level in order to go short in EURNZD

Comment:

Price bounced from the sliding parallel and is now developing a bearish flag pattern. Selling the breakout is our option:

snapshot

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