The EURNZD faced strong bearish pressure, forcing it to settle below 1.9950 resistance, affected by the main indicators’ negativity, to settle near 1.9725.
Forming extra barrier at 1.9800 level besides providing negative momentum by the main indicators makes us begin forming new bearish waves, to attempt to reach 1.9640 and 1.9570.
The expected trading range for today is between 1.9640 and 1.9760
Trend forecast: Bearish
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