EURNZD posted a daily bearish engulfing.EURNZD - Intraday
The bearish engulfing candle on the daily chart is negative for sentiment.
The trend of lower highs is located at 1.8345.
We look for a temporary move higher.
We are trading at overbought extremes.
Bearish divergence is expected to cap gains.
We look to Sell at 1.8343 (stop at 1.8393)
Our profit targets will be 1.8223 and 1.8193
Resistance: 1.8220 / 1.8280 / 1.8330
Support: 1.8170 / 1.8125 / 1.8100
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