EUR/NZD is Trading Near Strong Resistance Structure

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By Deya Hroob


This trade set up is based on daily chart. 

EUR/NZD  is rejected from both the strong resistance level and from the 20-day EMA. The pair is trading below the moving averages. 

 I expect the pair to fall with first target around 1.73 , thereafter 1.72.

Our stop loss should be placed  above the resistance structure.

Good Luck!

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