EUR/NZD 4-hour time frame chart

Market news

30 November 2017

EUR/NZD 4-hour time frame chart

As we on can see on 4-hour time frame chart, the attempt to form a chart pattern (Double top) was invalid once the price faoçed to break the neckline.

Besides that, we still might expect a depreciation on EUR/NZD.

Even with the double top invalidated, we can be prepared to enter short if the price forms a triple top and once it breaks the neckline we can have a nice opportunity to take short position.

European stocks closed: FTSE 100 -66.89 7326.67 -0.90% DAX -37.89 13023.98 -0.29% CAC 40 -25.26 5372.79 -0.47%

U.S.: Chicago Purchasing Managers' Index , November 63.9 (forecast 63.0)

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