EURNZD: Weak Euro no end in sight!

EURNZD

Intraday - We look to Sell at 1.6278 (stop at 1.6314)

Expect trading to remain mixed and volatile. The primary trend remains bearish. Preferred trade is to sell into rallies. 50 4hour EMA is at 1.6260.

Our profit targets will be 1.6181 and 1.6161

Resistance: 1.6170 / 1.6200 / 1.6230
Support: 1.6130 / 1.6100 / 1.6070

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