EURNZD Sell the downtrend.
EURNZD - Intraday - We look to Sell at 1.6734 (stop at 1.6766)
Daily signals are bearish.
Broken out of the Head and Shoulders formation to the downside.
Trend line resistance is located at 1.6740.
Previous support, now becomes resistance at 1.6740.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
Our profit targets will be 1.6641 and 1.6601
Resistance: 1.6650 / 1.6700 / 1.6740
Support: 1.6620 / 1.6570 / 1.6540
Daily signals are bearish.
Broken out of the Head and Shoulders formation to the downside.
Trend line resistance is located at 1.6740.
Previous support, now becomes resistance at 1.6740.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
We look for a temporary move higher.
Our profit targets will be 1.6641 and 1.6601
Resistance: 1.6650 / 1.6700 / 1.6740
Support: 1.6620 / 1.6570 / 1.6540
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