EUR/NZD – Back In The Channel

 | May 09, 2018 08:40AM ET

EUR/NZD

Bearish: Currently we are at 1.6998 in a large range and entering back into the former channel. We are looking for a continuation to the 0.618 Fibo at 1.6937 and then the greater target of 1.6870 this week. The average daily true range (ATR) for the pair currently is 95 pips.