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MlungisiThekisoKa-Maqina

My thoughts on EURNZD - Ascending Triangle

Euro / Dolar New Zealand (FX:EURNZD)  
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FX:EURNZD   Euro / Dolar New Zealand
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After having looked at the chart for EURNZD (having initially had a short bias) I noticed what i would like to believe is an ascending triangle.
The analysis published her illustrates my thinking.

DISCLAIMER:
This information is provided as an opinion only and is in no way meant to be used for trading purposes.
Komen:
The pair closed just above the support level at 16860 a close below this level would possibly open up to 1.6864 and then 1.6770
Komen:
first support breached at 1.6840 next support is at 1.6770.
If the pair closes below 1.6770 then I expect it to reach 1.6675 which is the lower end of the green arrow.
Komen:
the pair reached the 1.6770 and got rejected, I will now wait for the daily close.
Komen:
the pair has now reached the end of the expected drop.
Dagangan ditutup: sasaran tercapai
Penafian

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