EURZND Chart Technical Outlook expects a prolonged period of consolidation
With both single-currency baskets moving in the same direction, I would expect a prolonged period of consolidation. The intraday chart highlights sellers emerging close to the 61.8% pullback level of 1.7778. This would suggest we are building a bearish Gartley pattern. This formation will be completed at 1.7819. It should be noted that the baskets do not line up with this cypher formation.
