EURNZD to continue in the downward move?

5月24日

EURNZD - 24h expiry

Our short term bias remains negative.
Preferred trade is to sell into rallies.
50 4hour EMA is at 1.7784.
The sequence for trading is lower lows and highs.
Expect trading to remain mixed and volatile.

We look to Sell at 1.7785 (stop at 1.7835)
Our profit targets will be 1.7665 and 1.7635

Resistance: 1.7760 / 1.7785 / 1.7820
Support: 1.7725 / 1.7700 / 1.7655

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