The EURNZD surpasses the moving average – Analysis – 21-1-2020
Economies.com
2020-01-21 07:41AM UTC
The EURNZD pair was affected by the strength of the key support 1.6755, to end the negative fluctuation and start forming bullish trades and notice surpassing the moving average 55 at 1.6790.
This factor confirms the price surrender to the bullish bias domination, noting that stochastic attempt to reach the overbought areas will increase the chances of gathering the positive momentum to ease the mission of recording new positive targets that might start at 1.6834 followed by 1.6875.
The expected trading range for today is between 1.6790 and 1.6734
The expected trend for today: Bullish
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