The Germany Ifo Business Climate is the most influential factor for EURNZD.
The support rests at 1.75310 with resistance at 1.76720 which the weekly pivot point at 1.76410 is located in between the lines. The EMA of 10 is moving with bearish bias in the short term descendant channel and it is above the EMA of 200 and below the EMA of 100. The RSI is rising towards the 50 level, the Stochastic is showing upward momentum and the MACD line is above the signal line in the positive territory. The ADX is not showing any clear signals. The price is below the Ichimoku Cloud and above the Chinkou Span. The Tenkan-sen and the Kijun-sen are both showing a horizontal trend.
The support area remains the floor of the market, buyers can target 1.775.
