EURNZD Sell a break setup.
EURNZD - Intraday - We look to Sell a break of 1.6627 (stop at 1.6656)
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A higher correction is expected.
Trend line support is located at 1.6640.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 1.6541 and 1.6521
Resistance: 1.6700 / 1.6730 / 1.6770
Support: 1.6630 / 1.6600 / 1.6570
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
A higher correction is expected.
Trend line support is located at 1.6640.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 1.6541 and 1.6521
Resistance: 1.6700 / 1.6730 / 1.6770
Support: 1.6630 / 1.6600 / 1.6570
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