EURNZD - Intraday - We look to Sell a break of 1.6319 (stop at 1.6356)
Daily signals are bearish.
Short term momentum is bearish.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
A break of the recent low at 1.6325 should result in a further move lower.
We look for losses to be extended today.
Our profit targets will be 1.6221 and 1.6201
Resistance: 1.6370 / 1.6400 / 1.6440
Support: 1.6330 / 1.6300 / 1.6270
Daily signals are bearish.
Short term momentum is bearish.
Intraday rallies continue to attract sellers and there is no clear indication that this sequence for trading is coming to an end.
A break of the recent low at 1.6325 should result in a further move lower.
We look for losses to be extended today.
Our profit targets will be 1.6221 and 1.6201
Resistance: 1.6370 / 1.6400 / 1.6440
Support: 1.6330 / 1.6300 / 1.6270
