EURNZD ANALYSIS
Weak/neutral pair where NZD's coming back with strength after smashing down that 01.03 spike out from bulls.
Highlighted zones are composing a clear bearish pattern in this chart, thanks also to the new bullish impulse of NZD in the overall market,
that is passed from a really weak to a neutral status in the correlation analysis in these two weeks.
A pull-back till the recent zone is predictable, so keep monitoring the pair to jump in at 1.7 and reach the bottom demand zone.
Cheers.
Highlighted zones are composing a clear bearish pattern in this chart, thanks also to the new bullish impulse of NZD in the overall market,
that is passed from a really weak to a neutral status in the correlation analysis in these two weeks.
A pull-back till the recent zone is predictable, so keep monitoring the pair to jump in at 1.7 and reach the bottom demand zone.
Cheers.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.