EUR/NZD: Reversal Trade

Bullish

is currently at 1.6854 in a range and a channel. If we can break this resistance, we are looking for a move to the ATR Target at 1.6915 area. A continuation would target the channel wall for an additional 60 pips. Watch the USDX for any change in direction. The ATR for the pair currently is 116 pips per day. 

EUR/NZD Reversal Trade
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