EUR/NZD Trade Idea

• EUR/NZD has made a low of 1.6876 (trend line joining 1.6389 and 1.6410) and recovered from that level.
   
• Any further weakness can be seen only below trend line 1.6875 and break below targets  1.6800/1.6745.
   
• The pair's minor resistance is around 1.7080 and break above targets 1.7161/1.7260/1.7350.
   
• The minor support is around 1.6950.

It is good to buy at dips around 1.7070-75 with SL around 1.6955 for the TP of 1.7159/1.7260 (Short term trade)

Resistance

R1- 1.7080

R2-1.7160

R3- 1.7260

Support

S1-1.6950

S2-1.6875

S3-1.6800