EURNZD–Trading the new box?

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.

Blog Post