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EUR/NZD: Breakout Opportunity

10/26/2022

Less than a minute

2022.10.26 10:14

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Scott Barkley

Bearish: is currently at 1.7258 after an expected breakout. We are looking for a move to the ATR target at 1.7084 with a further target the 2.618 Fibo at 1.6978. We have convergence on the hourly.

Target to the upside is 1.7550 if it reverses. Watch the for any change in direction. The ATR for the pair currently is 226 pips per day, and its 180-day average is 202 pips per day. USDX is currently down.

EUR/NZD price chart.