EUR/NZD continues lower and the clear break below support at 1.7267 is of concern to our long-term bullish count. The uptrend from 1.4536 has not yet been broken and will likely be able to encounter the first test for a relief towards at least 1.7588, but if this uptrend breaks during the next attack, we will be looking for a decline to at least 1.6535 and possibly even lower.
The uptrend-line from 1.4536 is currently located near 1.7150.
R3: 1.7298
R2: 1.7267
R1: 1.7237
Pivot: 1.7225
S1: 1.7211
S2: 1.7186
S3: 1.7117
Trading recommendation:
Our stop at 1.7233 was hit. We will stay on the sideline for now.
The material has been provided by InstaForex Company - www.instaforex.com