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FxWirePro: EUR/NZD drops below 1.6900 as bullish signals weaken

• EUR/NZD declined on Friday as stalled vaccine rollouts and lockdowns to curb the spread of contagious new coronavirus weighed on euro. • EUR/NZD falls to intra-day low, the pair was trading down 0.14 percent at $1.6868…

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FxWirePro: EUR/NZD drops below 1.6900 as bullish signals weaken
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•    EUR/NZD declined on Friday as stalled vaccine rollouts and lockdowns to curb the spread of contagious new coronavirus weighed on euro.

•    EUR/NZD falls to intra-day low, the pair was trading down 0.14 percent   at $1.6868  At GMT 19:05

•     Technical signals are bearish as RSI is heading down  at 44, daily momentum studies   9 and 11 DMAs are trending down. 

•    On the upside, Immediate resistance is located at 1.6915 ( 38.2%fib), any close above will push the pair towards 1.7007 (50%fib)

•    On the downside, support is seen at 1.6814 (23.6%fib ) and break below could take the pair towards 1.6755 (Lower BB).

Recommendation: Good to sell   around 1.6900, with stop loss of 1.6980 and target price of 1.6750.
 

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