EURNZD Sell the local top.
Updated
EURNZD - Intraday - We look to Sell at 1.6677 (stop at 1.6708)
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.
Our profit targets will be 1.6584 and 1.6564
Resistance: 1.6680 / 1.6700 / 1.6730
Support: 1.6640 / 1.6600 / 1.6570
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.
Our profit targets will be 1.6584 and 1.6564
Resistance: 1.6680 / 1.6700 / 1.6730
Support: 1.6640 / 1.6600 / 1.6570
Trade active
Trade closed: target reached
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