EUR / NZD is in a very strong structure that we do not believe will pass. Notice the classic M formation, when a formation like this appears, the end of this pattern is that the price goes to the so-called neckline. Otherwise, on a higher timeframe, this pair should be higher, so our recommendation would definitely be long. It may be a so-called fakebreakout.



more…

READ  GJ Long for OANDA:GBPJPY by pmgai