EURNZD: PA & expect fundamentals to continue short bias

Short

Euro / Dollar Néo-Zélandais (FX:EURNZD)

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FX:EURNZD Euro / Dollar Néo-Zélandais

trendanalysis chartpattern eur nzd eurnzd euro newzealanddollar kiwi rbnz

Big news from the RBNZ shortly, it is possible we'll get a hike, but either way I'm expecting NZD strength as a result.

I'm seeing weaker Euro, and the pinbar shooting star today on the daily candle means price action is also in favour of a continued short trade here.

Commentaire:

Wow, couldn't have bene more wrong. The market reacted strongly to the RBNZ fundamentals over night. I'd seen yesterdays price action as a fake out, resulting in a shooting star on the daily, however looking at the 4hr we can see it was a breakout and retest and a huge pump!

Glad it was just an idea...

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