EURNZD –Trading the new box?

Scott Barkley ProAct Traders

Bearish: Currently we are @ 1.6706 in a well-built range. We completed the move out of the slope support. IF we can break this support, we are looking for a continuation in the new box to the 0.786 Fibo @ 1.6647 and then to the box support @ 1.6610. The average daily true range (ATR) for the pair currently is 125 pips.

Author

Scott Barkley

ProAct Traders

Scott Barkley is the President of ProAct Traders LLC located in Round Rock, Texas. Scott graduated from the institute For Latin American Studies in Cuernavaca, Mexico.

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