Price has been rejected by the up trend line and montly pivot...

FX:EURNZD   歐元 / 紐元
The up trend line has been broken and the retracement seems concluded... aditionally, the monthly pivot has made its work rejecting the price... so for me it is a good time for short with my target close to the quartely pivot ... any good comment?
Clear forecast as always. Let me share my view on this pair.: down till break up level at 1,7070. We may see a retrace up towards 1,6980 before downtrend continuation. Happy Holidays!!!
BethZu germanbel
@germanbel, I really do appreciate your comment... very useful, Thank u so much... And happy holidays!!!
Agreed. It is likely to be a great short on eurnzd. After EUR has strengthen against NZD over 4 months, time to retrace. :-). With both Spanish and German political situation, this may helps to weaken Eur to weaken after months of domination.
BethZu FXPeak
@FXPeak, Great comment as usual Dear Vincent... and I am glad u agree with me... Happy holidays!!!
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