FxWirePro:EUR/NZD trade idea

• Major resistance – 1.5350 (trend line joining 1.60935 and 1.57644)
   
• Major support -1.5250
   
• EUR/NZD has shown a slight decline after breaking the trend line resistance of 1.5350 levels. It is currently trading around 1.53390.
   
• RSI is in over bought zone .So slight selling till 1.5250 (200 – day MA ) likely. On the higher side, any close above 1.5350 will take the pair till 1.5440/1.5530.
   
• The major near term support is around 1.5250 and any break below will drag the pair till 1.5000/1.4925 (21- day EMA).
  
  It is good to sell on rallies around 1.5340-1.5345 with SL around 1.5378 for the TP of 1.5250/1.5000

Resistance                                                                               

R1-1.5350                           

R2 -1.5440

R3- 1.5530

Support                   

S1-1.5250                

S2-1.5000

S3- 1.4925