欧元/纽元

EURNZD Good time for correction!

145
After successfully done its triangle,
the currency pair EUR/NZD lost around 400 pips of its value.
From 1,7700 to 1,7335.

Now EURNZD meets 3 support lines in one zone:
EMA;
D1 trendline (third touch);
Horizontal support line from previous bottom.

We expect a downtrend to continue,
but before that, a correction around 1,7420 - 60,
where are 38.2 Fibo and many horizontal resistance lines.

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