EUR/NZD has spiked higher to resistance at 1.7160. This resistance will ideally halt the rise from 1.6671 for a correction to at least 1.6974 and maybe even closer to the 61.8% corrective target at 1.6858 before starting to move higher again towards 1.7479 on the way towards 1.7920.
R3: 1.7265
R2: 1.7220
R1: 1.7160
Pivot: 1.7140
S1: 1.7114
S2: 1.7080
S3: 1.7050
Trading recommendation:
We will sell EUR here at 1.7165 and place our stop at 1.7265. We will take profit at 1.6990.
