The EURNZD attempted to recover more of the losses by its rally towards 2.0395, to face a strong barrier, which forces it to reach 2.0270 to confirm the dominance of the bearish bias in the current trading.
The stability below the previously mentioned barrier and providing negative momentum by stochastic will increase the efficiency of the bearish track, to expect reaching 2.0225 and surpassing it will renew the pressure on the main support at 2.0060.
The expected trading range for today is between 2.0225 and 2.0370
Trend forecast: Bearish
Natural gas price surrendered to the stability of the barrier at$4.200, forming new bearish waves, to press on the bullish channel’s support at $3.880.
MoreThe EURJPY pair failed to resume the bullish attack due to the continuation of forming strong barrier at 183.20 level, forming mixed sideways trading by its stability near 182.70.
MoreThe GBPJPY pair settled above 208.10 level, forming new bullish waves and achieving some previously suggested targets by reaching 209.00, then waiting for providing new sideways trading by its stability near 208.50.
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