Bearish: We are currently @ 1.7661, in the start of a possible channel to the downside. If we can get a small pullback, we are looking for a continuation to the ATR target @ 1.7594 with the further target the 0.382 Fibo @ 1.7581 area. Watch the USDX for direction. The average daily true range (ATR) for the pair is 125 pips per day and it’s 90 day average is 134 pips per day. USDX is up – if it flips this will be a pullback.
EUR/NZD Starts a Nice Move Down
