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.
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