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EURNZD 06.12.2021
Overview:
The pair is trading in an upward direction
Expected scenario:
The pair is trading the highest strong support level around 1.6450, which enhances the chances of rising in the upcoming period to 1.7050, provided trading continues above 1.6450.
Alternative scenario:
On the other hand, we see that if the 1.6450 level is broken lower, it may push the pair down to 1.6320
Resistance levels
1.6950
1.7050
1.7100
Support levels
1.6450
1.6400
1.6320
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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