TomProTrader

#EURNZD: Bears Continue With Strength, Counter Gap Entry!

FX:EURNZD   Euro Fx/New Zealand Dollar
80 0 7
Traders,

Gapped up into the bearish Friday range, and instantly negated the Fridays session showing a clear bearish continued presence, right at the 50 moving average resistance as well as the sideways resistance line. Clear that another down leg is 100% needed to confirm the bears have had their run before the bulls can even consider taking a safe entry to create a new trend or agenda.

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