The EURNZD begins to rise – Analysis – 24-09-2020

The EURGBP pair succeeded to settle above the extra support at 1.7500 in the last period, to reinforce the expected bullish track, we notice recording some of the positive targets by hitting 1.7845 level, gathering new positive momentum makes us expect reaching 1.7950 directly, then renew the pressure on 1.8100 level.

the continuation of the moving average 55 fluctuation below the current trading and stochastic attempt to form a bullish wave will increase the chances for gaining positive momentum, which allows it to reach the mentioned stations.

The expected trading range for today is between 1.7690 and 1.7950

The expected trend for today: Bullish