Possibility of big movement expected on EURNZD

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.