EURNZD Trending Down

FX:EURNZD   Euro / New Zealand Dollar
205 17 7
As the sloped support gave way, price seems to be headed towards the lower borders of the red channel. A retest of 1.5 is very likely. The EUR has been the weakest currency recently (even weaker than the AUD), whereas the NZD is the strongest one. The momentum still favors short positions.
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Thanks man! Appreciate it! :) Good luck to us all during these violent market storms!
That's got to hurt :( I'm sure there are a lot of people thinking of offing themselves after yesterday. My broker is FXCM. I hope I still have an account on Monday :S
Ouch! I heard the news. I wish you all the best with your broker.
Oh man.. Sorry you had to go through that!. Good thing you didn't have an account with Alpari :) Otherwise it could have been worse by the sounds of things. I pity the people in eastern Europe who had their mortgages in CHF :(
Exactly, my colleague's mortgage loan is in CHF. He said the entire cost of his loan has just gone up by 20 000 EUR! Lucky me, I lost only about 1000 USD. :-) (and I will recover it :-D).
+1 Reply
A very well behaved pair. Deserves a pat on the back unlike CHF which should get harsh punishments for the next 10 years :) I seem to remember you were short EURCHF a while back and I thought it was crazy! Did you have the position open yesterday?
Yes I did. But I wasn't short EURCHF, but long USD