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EURNZD: Confirmed Breakout Of Rising Channel

Short
Euro / New Zealand Dollar (FX:EURNZD)  
VasilyTrader Updated   
FX:EURNZD   Euro / New Zealand Dollar
Trend Analysis Chart Patterns Wave Analysis Forex trading Technical Analysis EUR NZD EURNZD euro newzealanddollar Currencies
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trendanalysis chartpattern waveanalysis forex trading technicalanalysis eur nzd eurnzd euro newzealanddollar currencies
snapshot

Euro shows its weakness again all major forex pairs.
New Zealand is not an exclusion.
After the market has reached 1.757 structure resistance,
we see a very strong rejection and strong bearish breakout of a rising channel.

Most likely the tendency will continue and during the next few weeks we will see bearish continuation to
1.725 major structure support.

Comment:
Stop to breakeven for protection
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