The EURNZD surrenders to the stability of the support – Analysis – 22-1-2021
Economies.com
2021-01-22 07:45AM UTC
The EURNZD ended its bearish attack by facing 50% Fibonacci correction level at 1.6820, to form a strong support against the negative trading, which forces it to begin the positive rebound as appears in the above image.
Therefore, we will begin preferring the positive trading, to expect its rally above 1.7050 level, to increase the chances for testing the moving average 55 that is located near 1.7230.
The expected trading range for today is between 1.6850 and 1.7050
The expected trend for today: Bullish.
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