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Technician

EURNZD Short Setup

Short
Euro / New Zealand Dollar (FX:EURNZD)  
Technician Updated   
FX:EURNZD   Euro / New Zealand Dollar
Fibonacci Moving Averages
38
4
fibonacci movingaverage
The price hit the 50 percent retracement level for the overall bearish trend, and was rejected. We have a bearish setup confirmed if the price breaks back below the 200 days simple moving average and 1.6800 possible horizontal support. I will be shorting following the breakout.


Best
Techniain
Comment:
It seems that we are not getting the trade. The price didn't break below the 200 days SMA and rallied.
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