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lukelehepuu
20 Th11 2016 15:51

BULLS NEED TO DEFEND EURNZD 1.5000 

Euro Fx/New Zealand DollarFXCM

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Looking at EURNZD it is very possible we get a breakdown here. The bulls are going to try and defend 1.5000 with their lives. If we get a convincing break and close below then there is a huge open space that could let price fall to 1.3980.

This looks to have a nice risk to reward ratio so I will be keeping a close eye on this one!
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