EURNZD long with limit

We are still on the bearish side on the weekly time frame, even after finding support at 1.6600 on the Fibonacci 61.8% level. The big pressure is in the form of moving averages MA200 and EMA200, which almost coincide with the psychological level of 1.70000. Some maximum target for this pullback may be a Fibonacci 50.0% level at 1.72330. When we look at the MACD indicator below, we see that the blue line has crossed the signal line and that this can give us a sign that this pullback is not over and that we will see a couple a little up on a chart.