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Euro / New Zealand Dollar

EURNZD Signalling a Retest

By Sit_And_Profit
After a bullish week, EURNZD shows some weakness with the appearance of a shooting star. This candlestick formation tells us their might be a pause/ small correction in the uptrend and this is confirmed by the below average volume. This warning could lead us to a retest of the broken 1D trendline, as their has not occured previously.

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Candlestick AnalysisEURNZDpriceactionShooting StarSupport and ResistanceVolume
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