EUR/NZD: Next Target?

 | May 24, 2016 08:59AM ET

EUR/NZD

Currently we are 1.6591 in a large range. We are looking for continuation to the 0.500 fibo @ 1.6468 with a further target @ 1.6381. Watch for the bounce there. The average daily true range (ATR) for the pair currently is 182 pips.