Despite a slight decline from its highest levels since 2002, around 109 range, it is just a correction, and the green king, the US dollar, will resume its rally…
EUR/NZD: the downtrend is still on
2019-11-11 • Updated
SELL 1.6500; TP1 1.6465; TP2 1.6410; SL 1.6515
EUR/NZD has stalled ahead of the downtrend resistance line. The pair formed a “shooting star” candlestick on the daily chart. The main support is located in the 1.64 area, where the pair has met support twice during the latest month. As a result, it’s possible to expect a minor movement to the downside.
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