EURNZD faces strong support at 1.6400, targets 1.6600

FX:EURNZD   Euro / New Zealand Dollar
208 1 8
EUR/NZD has taken support near trend line 1.6400 and recovered till 1.6507. Short term trend is bullish as long as support 1.6400 holds.

Any break below 1.6400 will drag the pair further down till 1.6340. Overall trend reversal only below 1.6340.

Intraday major support is around 1.6470 and break below will drag the pair till 1.6430/1.6400.

The pair’s resistance is around 1.6510 and any break above will target 1.6558/1.6600.

It is good to buy at 1.6495-96 with SL around 1.6470 for TP of 1.6580/1.6600
It lost the support.
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