EURNZD - Bearish continuation likely.
Updated
Next support at 1.6990: conjunction of upward trendline with SSB flat's extension from the period APR/AUG2020 which could stop the Chikou/Lagging Span. RSI below 50 and MACD in bearish crossover.
On the monthly chart Chikou/Lagging Span is free for a ride below both historic prices and TS/Conversion Line. Nevertheless price action is above the cloud with first possible contact at 1.6725.
On the monthly chart Chikou/Lagging Span is free for a ride below both historic prices and TS/Conversion Line. Nevertheless price action is above the cloud with first possible contact at 1.6725.
Trade active
Last month close bearish, MACD crossover bearish.
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