EURNZD PRICE CHART, FORECAST AND ANALYSIS

forex technical analysis

EURNZD Technical Analysis: Weekly Chart

In the weekly charts, EURNZD is trading in a down channel.

It is trading below all SMA.

The immediate support is 1.5906 & the resistance level is at 1.6319.

EURNZD is trading in the down channel until there is trend reversal.

EURNZD Technical Analysis: Daily Chart

In the daily charts, EURNZD was trading in a down channel.

It is trading above 20 days SMA & below 50 and 100 days SMA.

The immediate support is 1.5957 & the resistance level is 1.6106.

EURNZD was trading in the down channel before the breakout upside. 

How to Trade EURNZD this Week:

EURNZD will follow the downtrend until their trend reversal. So, remain bearish on EURNZD.

TRADE SUGGESTION- SELL AT 1.6053, TAKE PROFIT AT 1.5957 AND STOP LOSS AT 1.6106

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