FxWirePro: EUR/NZD breaks below triangle base at 1.5655, good to sell on rallies

• EUR/NZD is trading a symmetric triangle pattern on 4 hourly charts and has broken below triangle base.
   
• The pair has slipped below major moving averages and trades with a bearish bias.
   
• Techs on 4 hourlies support downside in the pair, MACD is below the zero line and Stochs are biased lower.
   
• The pair has slipped below 4H 20-SMA at 1.5641 which is now strong resistance on the upside.
   
• Supports on the downside are located at 1.5582 (session lows) and then at 1.5504 (June 27th low).
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Recommendation: Good to sell rallies around 1.5610/20. SL: 1.5660, TP: 1.5550/ 1.5500