vlad.adrian

EURNZD - Weekly bottomed, daily entry

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FX:EURNZD   歐元 / 紐元
2
I suggested months back that EURNZD has bottomed, the chart is below in the linked section.

The daily chart shows some kind of reversal pattern, a combination between a H&S and a double bottom. Price retested the support provided by this pattern, made a false breakout below the local support, and then rallied strongly on news. I believe this pair has a long way to go. First important resistance that needs to break is at 1.64444.
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