EUR/NZD – Possible Channel?

 | May 03, 2016 08:49AM ET

EUR/NZD

Currently we are at 1.6593 after breaking out of the range. We are looking to continue to the 0.214 Fibo at 1.6671 and stall or bounce there before resumption to the top at 1.6850. The average daily true range (ATR) for the pair currently is 142 pips.