EUR/NZD currency pair analysis 01.02.2022

Bulls tested the historical resistance level of 1.7095. Awesome Oscillator indicates bearish divergence, and Stochastic Oscillator signals overbought conditions.

Trade idea:

Sell when the price is firmly below 1.7019 (the price of the last impulse candlestick opening).

Stop-loss – 1.7095.

Target levels: 1.6840; 1.6654.