EURNZD Sell the downtrend.
EURNZD - Intraday - We look to Sell at 1.7009 (stop at 1.7044)
Pivot resistance is at 1.6980.
Daily signals are mildly bearish.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
200 4hour EMA is at 1.7003.
The trend of lower highs is located at 1.7010.
Our profit targets will be 1.6904 and 1.6851
Resistance: 1.6940 / 1.6980 / 1.7000
Support: 1.6880 / 1.6850 / 1.6820
Pivot resistance is at 1.6980.
Daily signals are mildly bearish.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
200 4hour EMA is at 1.7003.
The trend of lower highs is located at 1.7010.
Our profit targets will be 1.6904 and 1.6851
Resistance: 1.6940 / 1.6980 / 1.7000
Support: 1.6880 / 1.6850 / 1.6820
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