EUR/NZD Channel Opportunity

 | Jan 14, 2019 08:46AM ET


Bearish: Currently we are at 1.6811 in a big range and channel. If we can break the current support, we are looking for a continuation initially to the 0.618 Fibo at 1.6741 and then a big move to the 2.270 Fibo at 1.6533. The average daily true range (ATR) for the pair currently is 149 pips.