Technicals

Add as a preferred source on Google

EUR/NZD breaks major trend line resistance, targets 1.7050

EUR/NZD has broken major trend line resistance 1.6860 and break above confirms short term bullishness, a jump till 1.7190 is possible. On the higher side any break above major resistance will take the pair to next level …

1 min read
EUR/NZD breaks major trend line resistance, targets 1.7050
Image from the original EconoTimes article

Read the original article

EUR/NZD has broken major trend line resistance 1.6860 and break above confirms short term bullishness, a jump till 1.7190 is possible.

  • On the higher side any break above major resistance will take the pair to next level around 1.6935/1.7054/1.7190.
     
  • The pair's minor weakness can be seen only below 1.6780 and break below will take the pair till 1.6720/1.6670.

It is good to buy at dips around 1.6860-65 with SL around 1.6780 for the TP of 1.6980/1.7050.

Related articles

View all
Technicals

Major Pair Currency Score: AUDUSD Bearish

EURUSD - Levels to watch - 1.100 GBPUSD Levels to watch - 1.3180 USDCHF Levels to watch - 0.8400 USDCAD - Levels to watch - 1.4300 AUDUSD - Levels to watch - 0.7000 NZDUSD - Levels to watch - 0.5560