The EURNZD pair ended its negative rebound by holding above the main bullish channel’s support at 1.6825, to shrink the chances for changing the bullish track, you should confirm that gathering a new positive momentum is important to move away from breaking the current support, to reach 1.7165 that forms the initial positive target.
While facing new negative pressures and reaching below the current support, will confirm begin forming a strong bearish trading, to expect suffering big losses by its decline to 1.6605 and 1.6290.
The expected trading range for today is between 1.6840 and 1.7020
The expected trend for today: Bullish.