- EURNZD breaks trend line support 1.6400 which confirms short term weakness , a decline till 1.6340/1.6300 cannot be ruled out.
- On the higher side minor resistance is around 1.6302 and any break above will target 1.6460/1.6585 in short term.
- Overall short term bearish invalidation only above 1.6560.
It is good to sell on rallies around 1.6400-405 with SL around 1.6310 for the TP of 1.6340/1.6300
The material has been provided by InstaForex Company – www.instaforex.com