EURNZD analysis 21.01.2020

The overall trend is downward. The pivot zone of 1.6820 held back buyers. A bearish divergence has formed on the Awesome Oscillator, and the Stochastic Oscillator moving indicators are in the overbought zone. Breaking through the support level of 1.6745 will result in the formation of a downward pattern of the H4 level within the overall downward trend.

Trading recommendations:

Sell Below 1.6745.

Stop Loss for the resistance level of 1.6820.