Menu

Search

  |   Technicals

Menu

  |   Technicals

Search

FxWirePro:EUR/NZD attracts selling interest, could be on verge of a bigger drop

• EUR/NZD declined on Thursday   as prospect of extended U.S. monetary stimulus boosted riskier assets such as  kiwi dollar.

• At GMT 16:46, the pair was trading 0.27% lower  at 1.6961 after hitting daily high at 1.7048.  

• Today’s drop has put EUR/NZD back below 38.2%fib and has put the 1.6903 (50%fib)at back in play. 

• Immediate resistance is located at 1.7049 (23.6%fib), any close above will push the pair towards 1.7091 (Higher BB).

• Immediate support is seen at 1.6968 (38.2%fib) and break below could take the pair towards 1.6903 (50% fib).

Recommendation: Good to sell round 1.6960, with stop loss of 1.7070 and target price of 1.6880
 

  • Market Data
Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.