The EURNZD holds above the support – Analysis – 16-5-2022
Economies.com
2022-05-16 04:54AM UTC
IN spite of the EURNZD pair’s neediness to the positive momentum, but the repeated stability above the support at 1.6510 confirms its surrender to the bullish bias domination, to reach 1.6650.
And that makes us wait for gathering extra positive momentum, which allow it to resuming the bullish attempts, to expect targeting 1.6790 reaching 1.6910 level.
The expected trading range for today is between 1.6580 and 1.6790
The expected trend for today: Bullish
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