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EURNZD - Sell Opportunity

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Euro / Dolar New Zealand (FX:EURNZD)  
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FX:EURNZD   Euro / Dolar New Zealand
Trend Analysis Chart Patterns Beyond Technical Analysis EURNZD euro NZD newzealanddollar Technical Analysis beyondtechnicalanalysis analysis
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trendanalysis chartpattern beyondta eurnzd euro nzd newzealanddollar technicalanalysis beyondtechnicalanalysis analysis
We are looking at an overall uptrend. We have had a touch of the weekly trendline and have been in a range for the past 3/4 months. We have broken out of the 1.73 area and had a retest on that same area also. We are targeting the 1.7000 banking level which coincides with the 61.8 % Fibonacci retracement level on a daily timeframe. We will then reassess our position at this area and analyse for potential long positions. This gives us a yield of 3.00%.
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