EUR/NZD: Bearish Sentiment Grows as Triple Top Formation Emerges

Forex Strategies Bearish: EUR/NZD is currently @ 1.8087 in the top of the range with a triple top in play. If we can break the slope support, we are looking for a continuation to the ATR target @ 1.8007-0 and then further movement. Divergence is in play. Watch the USDX for directions. The average daily true range (ATR) for the pair currently is 114 pips and its 90-day average is 123 pips.

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