Description
⋅ The EurNzd is clearly in a sideways movement, bouncing between 1.6520 and 1.7420.
Given the recent bullish strength in the market, it is not wise to Short the EurNzd now even though there is a rejection from the resistance area.
I will be watching this currency pair closely and will try to Sell once the Big Player starts to come in and push the price lower.
Stay tuned!
** This is not a Buy/Sell recommendation **
** Please do your own due diligence **