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EURNZD Sellers Keep Pressure on Trend Line Support
To say that EURNZD bulls have been stubborn lately would be an understatement. The Euro cross has been churning along a trend line that extends from the 2017 lows but has yet to close below it. Those waiting for a short entry have had to be extra patient in recent weeks. Since February 20, the pair has retested this key support level on ten separate occasions when viewing things from the daily time frame. As I mentioned on Sunday, whenever a market begins to lean on a trend line like this, it usually means that a breakdown isn’t far away. However, it’s still just as important to wait for a daily close (using a ... (full story)