EUR/NZD: Support Break

 | Feb 14, 2018 08:40AM ET


Currently we are at 1.6854 and starting a push to the downside. IF we breakout of the very solid support here we are initially looking for a continuation to the 0.618 Fibo at 1.5746 and a further target at 1.6630-50 area. The average daily true range (ATR) for the pair currently is 146 pips.