Big movement possible on EURNZD

EURNZD has broken through a line of 1.6585 and suggests a possible movement to 1.6535 within the next 9 hours. It has tested this line numerous times in the past, so one should wait for confirmation of this breakout before taking any action. If the breakout doesn’t confirm, we could see a retracement back to lines seen in the last 2 days.

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