- EUR/NZD is trading near major support 1.56740 and any break below will drag the pair further down till 1.5620/1.5548.
- The short term bullishness can be seen only above 1.5775 and break above would extend gains till 1.5865/1.5936.
Indicator (4 hour)
CCI (14) – Sell
CCI (50) – Sell
Ichimoku- Sell
It is good to sell on rallies around 1.5720 with SL around 1.5775 for the TP of 1.5550.
The material has been provided by InstaForex Company – www.instaforex.com