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The EURNZD gathers some gains- Forecast today – 2-10-2025
AI Summary
- EURNZD approached last bullish rally, forming bearish corrective waves
- Expect resuming bearish track with target at 2.0050 level
- Trading range for today between 2.0000 and 2.0170, trend forecast is bearish
The EURNZD approached its last bullish rally from the resistance of the bullish channel at 2.0330, then begin forming bearish corrective waves, affected by stochastic negativity to gather the gains by reaching 2.0135.
We expect resuming the bearish corrective track, due to stochastic stability below 50 level, to expect its target to 2.0050 level, reaching the extra support at 2.000, while renewing the bullish attempts requires breaching the barrier near 2.0190, motivating the bullish attack to ease the mission of pressing on the resistance of the bullish channel.
The expected trading range for today is between 2.0000 and 2.0170
Trend forecast: Bearish
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