EURNZD Breaks Through Corrective Structure

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 8, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The Euro-NZD currency pair has been relatively quiet of late as price action has been constrained by a corrective structure. However, early March saw the structure break down, as price dropped rapidly through both the channel and the bullish trend line. Subsequently, there is a real chance that price will continue to break down in the coming days, thereby lending itself to short selling. Taking a look at the pair’s technical indicators demonstrates a currency which is highly biased to the

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