FxWirePro: EUR/NZD breaks major support at 1.5285, good to sell rallies

• EUR/NZD has broken major trendline support at 1.5285, hits fresh 7-week lows.
   
• Momentum studies are heavily bearish, RSI is below 30 levels and Stochs are biased lower.
   
• The pair is trading below the 1.52 handle, scope for further downside.
   
• Major support levels - 1.5127 (July 13 low), 1.5123 (July 12 low), 0.5119 (July 11 low).
   
• Major resistance levels - 1.5262 (session high), 1.5292 (5-DMA), 1.53, 1.5358 (10-DMA).
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Recommendation: Good to sell rallies around 1.52, SL: 1.5265, TP: 1.5120/ 1.51/ 1.5045