EUR/NZD technical analysis: Bears looking to 1.76 the figure on break of key support

• Bears are on the verge of a break of the June highs on the 1.73 handle which guards a run to the 1.70 handle
• 1.7620s guard the 1.78s and the Sep 2108 highs. 

EUR/NZD has pulled in supply and offers this week following a failure to the top side making for a triple-top area around 1.76 the figure. The bears are on the verge of a break of the June highs on the 1.73 handle which guards a run to the 1.70 handle and the September spike lows to complete a 50% mean reversion and open the way to a 61.8% Fibonacci retracement of the July swing lows to recent swing-highs.  On the upside, bulls will look to for a break of the 1.7620s with the 1.78s on the radar and the Sep 2108 highs. 

EUR/NZD levels