EURNZD - Intraday - We look to Sell at 1.6815 (stop at 1.6841)
Daily signals are mildly bearish.
20 4hour EMA is at 1.6810.
Preferred trade is to sell into rallies.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our outlook is bearish.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 1.6742 and 1.6702
Resistance: 1.6800 / 1.6850 / 1.6900
Support: 1.6760 / 1.6730 / 1.6700
Daily signals are mildly bearish.
20 4hour EMA is at 1.6810.
Preferred trade is to sell into rallies.
Early optimism is likely to lead to gains although extended attempts higher are expected to fail.
Our outlook is bearish.
A break of yesterdays low would confirm bearish momentum.
Our profit targets will be 1.6742 and 1.6702
Resistance: 1.6800 / 1.6850 / 1.6900
Support: 1.6760 / 1.6730 / 1.6700
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