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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.