Mihai_Iacob

EurNzd- To resume its downtrend?

Short
FX:EURNZD   Euro / New Zealand Dollar
The trend for EurNzd is clearly down and after correcting and confirming 1.7 as strong resistance (twice) the pair started to roll back to interim 1.6650 support
A break here would also confirm a double top formation and give scope to a retest of 1.6350 low.
Rallies should be sold and only a clear break above 1.7 would negate this bearish scenario

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