1. Hello Guest Do you know binary.com offers exclusive $20 No Deposit Bonus for FX Binary Point visitors? Click here to sign up

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

    Joined:
    Oct 7, 2015
    Messages:
    27,524
    Likes Received:
    0
    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

    Continue reading...
     

Share This Page