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Trading financial products on margin carries a high degree of risk and is not suitable for all investors. Please ensure you fully understand the risks and take appropriate care to manage your risk.

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Technical Analysis

Possibility of big movement expected on EURNZD

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EURNZD has broken through a resistance line of a Channel Down and suggests a possible movement to 1.6975 within the next 3 days. It has tested this line in the past, so one should probably wait for a confirmation of this breakout before taking action. If the breakout doesn't confirm, we could see a retracement back to lines seen in the last 9 days.

Not investment advice. Past performance does not guarantee or predict future performance.

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