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CharlieGunner

Possible EURNZD Short Opportunity

Euro / New Zealand Dollar (FX:EURNZD)  
CharlieGunner  
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Chart Patterns
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trendanalysis chartpattern
EURNZD is trading in a descending channel. Price has already broken out of the channel to the downside and retested it, along with a daily resistance zone at 1.66500. A continuation movement to the downside within the channel is expected, with a probable breakout of the channel to the downside again.

Entry Point 1.65300, Stops 1.67000 & Target 1.63450.

Trading ideas are subjective. Individual analysis advised.
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