EUR/NZD breaks below triangle base at 1.5655, targets 1.55
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).
Good to sell rallies around 1.5600, SL: 1.5660, TP: 1.5550/ 1.5500
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).
Good to sell rallies around 1.5600, SL: 1.5660, TP: 1.5550/ 1.5500