Euro/Kiwi – Potential Bearish Move Seen!

Euro Fx/New Zealand Dollar FX:EURNZD
Akshath1994



Euro/Kiwi – Prices look like they are getting exhausted at these levels (within the 61.8 and the 76.8 fibos).Prices seem to be within this range since a few days signalling exhaustion of the prevailing uptrend.

Overall from a weekly and daily perspective we look in a downtrend and hence after receiving a few more bearish candles and MA crossovers to the downside – i will look into shorting this pair for targets closer to previous blue zones.

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