The EURNZD confirmed its surrender to the bearish trend dominance by providing a new negative close below 1.9795 level, affected by providing negative momentum by the main indicators, to suffer clear losses by reaching 1.9640.
Providing negative momentum by stochastic makes us expect forming extra barrier at 1.9680 level, and providing negative trading to target 1.9440 level reaching the next support at 1.9340 level.
The expected trading range for today is between 1.9440 and 1.9565
Trend forecast: Bearish
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