EURNZD Short
Our pivot point is at 1.6892.
Our preference:
the downside prevails as long as 1.6892 is resistance.
Alternative scenario:
the upside breakout of 1.6892, would call for 1.6943 and 1.6974.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.6860 and 1.6852).
Our preference:
the downside prevails as long as 1.6892 is resistance.
Alternative scenario:
the upside breakout of 1.6892, would call for 1.6943 and 1.6974.
Comment:
the RSI is below its neutrality area at 50. The MACD is below its signal line and negative. The configuration is negative. Moreover, the price stands below its 20 and 50 period moving average (respectively at 1.6860 and 1.6852).
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