The EUR/NZD pair confirms its entry into a downward trend with a negative MACD and below its signal. The break of the uptrend channel in which the pair has been evolving for several months should push the market to accelerate the fall to reach the 1.50 level. In this context, investors may attempt a bearish trade with a protective stop above the moving average at 20 sessions in order to stay in position in case of a pullback.
Direction: Down
Entry: 1.5540
Stop-loss: 1.5740
Take-profit: 1.5000
