EURNZD will reach 1.68 in about 140 pips. This is the March and April high and there is a shark pattern to short. This maybe the turning point for the pair but in any case, there will be a good reaction to catch some pips here.
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The level has been reached but I am not ready to short yet. We need to see the reaction to the zone and also wait for the next 1 hour bar.
NZD is very weak so likely this trade isn't going to pan out well.
NZD is very weak so likely this trade isn't going to pan out well.
