Scott Barkley
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Scott Barkley in Proact Traders,

$EURNZD- correct then go?

Currently we are at 1.4174 but in an unsustainable trend. We are looking for a correction and then a continuation to the 0.618 Fibo support area @ 1.4089 with an overall target @ 1.3906.  The average daily true range (ATR) for the pair currently is 173 pips.