EUR/NZD short setup

FX:EURNZD   Euro / New Zealand Dollar
The pair has likely resumed weakness after brief recovery in previous week's trade.
Upside remains capped at 5W SMA at 1.6786, further upside only on break above.
Momentum studies are bearish , we see scope for further weakness.
The pair has broken strong trendline support at 1.6710 on 2H charts.
Price has slipped below 2H cloud, bias lower.

Stay short on upticks, SL: 1.6780, TP: 1.66/ 1.6565


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