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EURNZD Sell the bottom of the previous range.

Short
Euro / New Zealand Dollar (CAPITALCOM:EURNZD)  
Signal_Centre1  
CAPITALCOM:EURNZD   Euro / New Zealand Dollar
Support and Resistance EURNZD EUR NZD eurnzdshort tradeidea Forex signal signals
3
0
supportandresistance eurnzd eur nzd eurnzdshort tradeidea forex signal signals
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

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