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stivmuiruri

BEARISH EURNZD

Short
Euro / New Zealand Dollar (FX:EURNZD)  
stivmuiruri Updated   
FX:EURNZD   Euro / New Zealand Dollar
Support and Resistance Fibonacci Trend Lines
1
0
supportandresistance fibonacci trendline
i believe ECB's President Draghi dovish sentiments on the EUR is the major cause of the downward trend.Since the new trading week lacks major news on both currencies i believe the bearish trend will continue and price to hit new lows.
On the technical side price has broken major support and resistance zones on the downside

SELL- TP1=1.64567
TP2= 1.64010

SL- 1.68026
Trade closed: target reached:
Both tp 1 and tp2 hit
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