EUR/NZD –Trading The New Box?
Bearish: Currently we are at 1.6706 in a well-built range. We completed the move out of the slope support. IF we can break this support, we are looking for a continuation in the new box to the 0.786 Fibo at 1.6647 and then to the box support at 1.6610. The average daily true range (ATR) for the pair currently is 125 pips.
EUR/NZD 60min Chart