ANALYSIS: EURNZD TO FALL
EURNZD has re-tested the key supply zone after the latest RBNZ decision. With strength
and weakness indicators suggesting we could see a reversal in the current NZD weakness and EURNZD
being at resistance we could see the market fall. Currently, the price is forming a bearish wedge pattern,
a break lower would suggest that price could fall back to the key demand zone.
and weakness indicators suggesting we could see a reversal in the current NZD weakness and EURNZD
being at resistance we could see the market fall. Currently, the price is forming a bearish wedge pattern,
a break lower would suggest that price could fall back to the key demand zone.
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