EUR NZD


Eur nzd in bearish mkt , the currency pair may continue to trade downtrend If Nzd appreciate further despite RBNZ rate cut on Wednesday .
Eur nzd is position downtrend after trending resistance at 38.20% Fib retracement level (BC) forecasting CD at fib extension 61.8% at 1.5200.
From trend perspective the weekly time frame is bearish while daily time frame is bearish with price trading below kumo breakout and tenkan sen/ kijun sen bearish cross .
price projection 1st of may 2016 at 1.5840




ICHIMOKU TREND ANALYSIS


weekly ................................................. bearish mkt
daily .................................................. bearish trend




TECHNICAL AND TREND VIEWS



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