Sell EUR/NZD below 55-EMA

Technical Bias Bearish
- Bearish divergence on RSI and Stochs
- Price action dips into daily cloud
- Beraish 5-DMA crossover on 21-EMA
- Stochs and RSI sharply lower, RSI below 50 mark

Support levels - 1.7542 (55-EMA), 1.7441 (lower BB), 1.7409 (38.2% Fib)
Resistance levels - 1.7660 (5-DMA), 1.7826 (Sept 11 high), 1.7928 (Oct 8 high)

Good to go short below 55-EMA, SL: 1.7635, TP: 1.75/ 1.7440/ 1.74

Kommentera:

Breaks below 55-EMA, stay short.

Kommentera:

All targets hit.
Recovery lacks traction.
Break below 110-EMA to see further weakness.