The bullish oblique support that was holding the market for several weeks is no longer valid and we are also seeing a divergence of the Bollinger Bands. The long-term trend for the EURNZD pair remains strongly bearish and in this context we can consider a continuation of this movement. Investors may therefore be bearish in a breakout strategy to target a return to the 1.50 level.
Direction: Down
Enter: 1.5604
Stop-loss: 1.58
Take-profit: 1.5050
