EURNZD No Momentum.

FX:EURNZD   Euro / New Zealand Dollar
EURNZD has failed to make another higher low here following a large break out green candle. With that strength, we would expect that second push to break above, but the sellers stepped in bring the price down.

We have also closed below a major support/flip zone and have just ranged after wards with no follow through.

You can also argue that we did in fact make a lower high as well.

I am waiting for a break below 1.72. Euro pairs look weak. Talked about EURAUD which is still a valid trade idea. EURCAD too but is already running.


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