Sunday, February 15, 2015

Live Call - Short EURNZD (16 Feb 2015)

I previously had a EURNZD short that I had exited some days ago after price found support. However, the reaction off this support level has been weak, and formed an inside bar on Friday's close. It seems as if the bulls have struggled to rally the EURNZD, so I'm looking to go short on the break of short-term support as marked below. My exit would be around the 1.50000-1.49000 area, giving me a reward of 1R. There are two major news releases tomorrow -  NZD retail sales and another Eurogroup meeting.  

(click to enlarge)

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