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EUR/NZD breaks trend line resistance at 1.6980, jump till 1.7300 is possible

Tuesday, October 13, 2015 5:48 AM UTC

EUR/NZD has made a low of 1.6868 yesterday and recovered from that level is currently trading at 1.7029.
EUR/NZD has broken major trend line resistance 1.6980 (trend line joining 1.71216 and 1.70289) and this confirms short term bullishness, a jump till 1.7150/1.7308.
On the downside minor support is around 1.6960 and any break below targets 1.6900/1.6860.
Overall bullish invalidation only below 1.6840.

It is good to buy at dips 1.7015-20 with SL around 1.6960 for the TP of 1.7140/1.7300

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EUR/NZD breaks trend line resistance at 1.6980, jump till 1.7300 is possible

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