EURNZD PRICE TECHNICAL ANALYSIS, NEWS AND FORECAST

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 1.5734 & the resistance level is at 1.5988.

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

EURNZD Technical Analysis: Daily Chart

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

It is trading below all SMA.

The immediate support is 1.5747 & the resistance level is 1.5981.

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

How to Trade EURNZD this Week:

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

TRADE SUGGESTION- SELL AT 1.5863, TAKE PROFIT AT 1.5747 AND STOP LOSS AT 1.5981

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