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EUR/NZD Technical analysis

Short
Euro / New Zealand Dollar (FX:EURNZD)  
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FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Chart Patterns Head and Shoulders priceaction necklinebreak
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trendanalysis chartpattern headandshoulders priceaction necklinebreak
The weakness in the Euro is blatant. And now it has formed right tilted head and shoulder pattern against NZD as well.
The price has broken the neckline and is setting up for huge intraday downside move.
Hence, we expect the pair to reach the support levels of 1.68633 and 1.68406 for the intraday.
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