EURNZD Sell the break to the downside.
Updated
EURNZD - Intraday - We look to Sell a break of 1.6896 (stop at 1.6931)
Rallies should be capped by yesterday's high.
A move through 1.6900 will confirm the bearish momentum.
A higher correction is expected.
Short term MACD has turned negative.
Price action has continued to range within a triangle formation.
Our profit targets will be 1.6791 and 1.6751
Resistance: 1.6970 / 1.7000 / 1.7050
Support: 1.6900 / 1.6850 / 1.6800
Rallies should be capped by yesterday's high.
A move through 1.6900 will confirm the bearish momentum.
A higher correction is expected.
Short term MACD has turned negative.
Price action has continued to range within a triangle formation.
Our profit targets will be 1.6791 and 1.6751
Resistance: 1.6970 / 1.7000 / 1.7050
Support: 1.6900 / 1.6850 / 1.6800
Trade closed: target reached
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