- Bears are on the verge of a break of the June highs on the 1.73 handle which guards a run to the 1.70 handle
- 1.7620s guard the 1.78s and the Sep 2108 highs.
EUR/NZD has pulled in supply and offers this week following a failure to the top side making for a triple-top area around 1.76 the figure. The bears are on the verge of a break of the June highs on the 1.73 handle which guards a run to the 1.70 handle and the September spike lows to complete a 50% mean reversion and open the way to a 61.8% Fibonacci retracement of the July swing lows to recent swing-highs. On the upside, bulls will look to for a break of the 1.7620s with the 1.78s on the radar and the Sep 2108 highs.
EUR/NZD levels
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