Here is a simple resistance play for you again. Check out EUR/NZD on your weekly chart and you will find out that the pair is testing the 1.1700 psychological handle, which has been an area of interest for the pair since the start of 2018.

With stochastic flirting with the overbought territory, you can bet that other bears are already watching this one. Shorting at current levels would give you a good reward-to-risk ratio especially if the pair ends up resisting its lows near 1.6350.

If you are a euro bull who would rather buy the common currency, then you could also wait for the pair to break above 1.71-- before you think about executing any buy orders. In this case, the 1.7900 previous resistance level would make a good target.

Not a fan of trading currency crosses? No worries, you can always stay in the sidelines. remember that no trade is better than a forced trade!