EUR/NZD - Short

2020-03-06 00:42:26

Today was a very aggressive push higher today with a shift in momentum for the NZD, especially within GBP/NZD too. 

Higher time frames are looking overextended and we can still expect a deeper retracement but we cannot ignore the potential bull flag unfolding here. I will like to see if we can come up and reject 78.6% Fibonacci again before taking the short.