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traderpulse
Apr 25, 2019 11:57 AM

EUR/NZD Technical analysis Short

Euro Fx/New Zealand DollarFXCM

Description

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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