EURNZD Sell the resistance.
Updated
EURNZD - Intraday - We look to Sell at 1.6653 (stop at 1.6684)
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We look for a temporary move higher.
A higher correction is expected.
Trend line support is located at 1.6570.
Our profit targets will be 1.6566 and 1.6546
Resistance: 1.6630 / 1.6670 / 1.6700
Support: 1.6600 / 1.6570 / 1.6530
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
Although the bulls are in control, the stalling positive momentum indicates a turnaround is possible.
We look for a temporary move higher.
A higher correction is expected.
Trend line support is located at 1.6570.
Our profit targets will be 1.6566 and 1.6546
Resistance: 1.6630 / 1.6670 / 1.6700
Support: 1.6600 / 1.6570 / 1.6530
Trade closed: stop reached
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