EURUSD finally tested the monthly downtrend line and almost reached 38.2% fib retracement area. Current price action is stalling near the previous support zone. Higher timeframes are indicating a potential reversal is likely to be playing soon. So for now I prefer to remain standaside until the picture gets clear for building short positions.
GBPNZD price action contained within a multi-days bullish channel with new tops and lows, However the trend is strong but medium term momentum is slowing which is indicating a pullback. I am looking to short this market around 1.9675 area with a wider stop at 1.9855, expecting for a target around 1.9259 area.