Trading suggestion:
. There is a possibility of temporary retracement to suggested support line (1.676). if so, traders can set orders based on Price Action and expect to reach short-term targets.

Technical analysis:
. EURNZD is in a range bound and the beginning of uptrend is expected.
. The price is below the 21-Day WEMA which acts as a dynamic resistance.
. The RSI is at 60.

Take Profits:
TP1= @ 1.6835
TP2= @ 1.6885
TP3= @ 1.6950
TP4= @ 1.7040
TP5= @ 1.7120

SL= Break below S2

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Chart PatternsEUREURNZDTechnical IndicatorsnewzealanddollarNZDTrend Analysis

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