EURNZD - Intraday - We look to Sell at 1.6166 (stop at 1.6201)
A move lower has resulted in prices breaking from the previous range and confirmed our bearish expectation.
Previous support at 1.6170 now becomes resistance.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Our profit targets will be 1.6071 and 1.6051
Resistance: 1.6100 / 1.6130 / 1.6170
Support: 1.6040 / 1.6000 / 1.5970
A move lower has resulted in prices breaking from the previous range and confirmed our bearish expectation.
Previous support at 1.6170 now becomes resistance.
Preferred trade is to sell into rallies.
We look for a temporary move higher.
Our profit targets will be 1.6071 and 1.6051
Resistance: 1.6100 / 1.6130 / 1.6170
Support: 1.6040 / 1.6000 / 1.5970
