Thu, 19 Jan 2017 10:19:32 GMT
EUR/NZD 1H Chart: Channel Up
EUR/NZD established a solid downtrend inside the bounds of a channel down pattern which shows no signs of weakness for now. The pair has just exited a cloud resistance area and is now targeting the bottom trend-line at 1.4821 with a few hitches on the way. The pair is likely to lose some momentum at 1.4851, 1.4839 and 1.4829, then