The EURNZD needs to confirm the breach – Analysis – 18-4-2019
Economies.com
2019-04-18 06:33AM UTC
The EURNZD pair continued to fluctuate above the moving average 55, which forms an initial support by its stability at 1.6725, attempting to surpass 1.6846 barrier, note that achieving this breach is important and holding above it reinforces the bullish suggestion, targeting 1.6950 reaching to 1.7070 level in the upcoming period.
By the above image, we notice stochastic attempt to settle above 50 level, to increase the chances for gathering the required positive to breach the current barrier.
The expected trading range for today is between 1.6750 and 1.6950
The expected trend for today: Bullish
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