EURNZD–continuation?

Bearish: Currently we are @1.7173 in a range and a channel. If we can break the support here, we are looking for a continuation to the 0.500 Fibo @ 1.7070 area. Watch for a bounce here since it is the 0.500 Fibo. The average daily true range (ATR) for the pair currently is 123 pips.

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