OANDA

Buying EURNZD at 50 EMA.

Long
OANDA:EURNZD   Euro / New Zealand Dollar
EURNZD - Intraday - We look to Buy at 1.6731 (stop at 1.6696)

Price action has posted a bearish Engulfing Candle and is negative for short-term sentiment.
A lower correction is expected.
Intraday dips continue to attract buyers and there is no clear indication that this sequence for trading is coming to an end.
We look to buy dips.
50 4hour EMA is at 1.6730.

Our profit targets will be 1.6828 and 1.6848

Resistance: 1.6870 / 1.6900 / 1.6930
Support: 1.6840 / 1.6800 / 1.6770

Intraday expiry.

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