EUR/NZD: Breaks Major Trend Line

Published 11/30/2012, 06:33 AM
Updated 07/07/2019, 08:10 AM
EUR/NZD
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Today the EUR/NZD pair broke above a long-term trend-line from early 2011 and while it may not hold, it's worth monitoring as it could develop into a stronger bullish impulse, particularly if it closes strongly tonight, or if it breaks above the peak at 1.6057. Volume is still too low to confirm unfortunately and the Ichimoku chart has not shown a corresponding break above the cloud – rather more resistance - so it might be prudent to wait for more confirmation. <span class=EUR/NZD">

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