EUR/NZD continues to work its way higher towards the expected target at 1.6236. This resistance should only be able to provide temporary resistance, before the next swing higher towards 1.6969.
Short-term support is now seen at 1.6005 and again at 1.5920.
We are long EUR from 1.5510 with stop placed at 1.5825. If you are not long EUR yet, then buy near 1.6005 and use the same stop at 1.5825.
The material has been provided by InstaForex Company – www.instaforex.com
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