Selling EURNZD into current resistance.

EURNZD - 11h expiry - We look to Sell at 1.7319 (stop at 1.7366)

Short term bias has turned negative.
Short term MACD has turned negative.
We look for a temporary move higher.
Preferred trade is to sell into rallies.

Our profit targets will be 1.7188 and 1.7168

Resistance: 1.7200 / 1.7240 / 1.7320
Support: 1.7130 / 1.7100 / 1.7060

Risk Disclaimer

The trade ideas beyond this page are for informational purposes only and do not constitute investment advice or a solicitation to trade. This information is provided by Signal Centre, a third-party unaffiliated with OANDA, and is intended for general circulation only. OANDA does not guarantee the accuracy of this information and assumes no responsibilities for the information provided by the third party. The information does not take into account the specific investment objectives, financial situation, or particular needs of any particular person. You should take into account your specific investment objectives, financial situation, and particular needs before making a commitment to trade, including seeking advice from an independent financial adviser regarding the suitability of the investment, under a separate engagement, as you deem fit.

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EUREURNZDeurnzdshortNZDoandashortsignalsignalsSupport and Resistancetradeidea

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