EURNZD: Confirmed Breakout Of Rising Channel

1 sept. 2019

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.

5 sept. 2019

Note

Stop to breakeven for protection