Technical Analysis : The primary trend of EUR/NZD is bullish but from the past few trading sessions, prices are no more sustaining at higher levels & looking weak for the upcoming sessions. The pair is consolidating with strong negative bias to give a breakout at downside. Prices are also taking support at the important level of 1.5025. Today if the pair breaks its support level & managed to sustain below it, then we can expect it to test the level of 1.4960/1.4910 in today's session.
MACD is sustaining in selling territory, indicating the upcoming bearish trend in the pair.
|EUR/NZD Technical Chart|
STRATEGY :- EUR/NZD is looking further bearish on charts. One can go for sell on higher level strategy for this pair for intra day to mid term positions.