EURNZD Sell the breakdown.

FX:EURNZD   Euro / New Zealand Dollar
EURNZD - Intraday - We look to Sell a break of 1.6878 (stop at 1.6903)

There is no indication that the selloff is coming to an end.
Our short term bias remains negative.
A break of yesterdays low would confirm bearish momentum.
Price action is forming a bearish flag which has a bias to break to the downside.

Our profit targets will be 1.6804 and 1.6784

Resistance: 1.6940 / 1.6970 / 1.7000
Support: 1.6900 / 1.6870 / 1.6830
Trade closed: stop reached
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