Currency pair EURNZD reached the line 8/8 of Murrey Math Lines for both – H4 chart and the daily. It is a strong resistance and  in this area we can expect reversal. When I write about the reversal it does not necessarily have to be a trend change, because these reversal can only be a correction.

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Minimum drop range – one octave – to the level of 1.5564 (line 7/8). Another target can be  the line  6/8, and thus the level of 1.5503.

0610-eurnzd

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