EURNZD Intraday analysis on dated 07-5-2019

The RSI is below its neutrality area at 50. The MACD is positive and below its signal line. The MACD must penetrate its zero line to expect further downside. Moreover, the pair stands below its 20 and 50 day moving average’s [Respectively at 1.69510 and 1.69350] Finally, the EUR/NZD has penetrated its lower Bollinger band (1.69320)

Recommendation: Sell/Sell limit @ 1.69500 Target: 60 pips