This is another update on EURNZD. I am short on this pair and intend to stick with it as everything lines up very nicely.
First we have a NZDUSD chart where we can see that most likely pair is gonna go up as there seems to be a strong support below 0.7000. The presence of this round number should further increase the strength of this level. Once above 0.70, then it should be heading towards the areas marked with green boxes. For this to fail, we need a very good close below this level.


Now this is the main chart of concern here - EURNZD. As I mentioned before in my other post , this pair has a series of lower lows and higher highs which suggests that accumulation is in process. If you want a better picture, have a look on the higher time frame, it should become pretty obvious.


And finally EURUSD is also on the edge of slipping through this supporting trend line. There is potentially much more targets to be hit on the downside as well. You can also take a look on H4 of this pair and you will see how sell position is being built up - to gain momentum for breaking through support.



Of course, I might be wrong, but I have a good feeling about this one.
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