EUR/NZD chart - Trading View
Chart Pattern: Sloping Channel
Candlestick Pattern: Spinning Top
Technical Analysis: Bias Slightly Bullish
- Capped below 110-EMA, spinning top formation at highs
- Price action has broken above channel top
- Holds 5-DMA, 5-DMA is rising
- Stochs are at overbought levels, MACD supports upside
Event Watch: ECB monetary policy meeting
Support levels - 1.6669 (5-DMA), 1.6639 (38.2% Fib), 1.6618 (55-EMA)
Resistance levels - 1.6733 (110-EMA), 1.68, 1.6853 (61.8% Fib)
Currency Forecasts: Breakout at 110-EMA will see gains upto 61.8% Fib at 1.6853
For details on FxWirePro's Currency Strength Index, visit http://www.fxwirepro.com/currencyindex.
