EURNZD Analysis
EURNZD reached the retest area and the higher low area of the ascending channel in the 1-hour timeframe
After the confirmation of the Upward movement, EURNZD Buy signal was given.
EURNZD Update
EURNZD has re-entered the descending channel and it is consolidating at the horizontal support area in the 1-hour timeframe chart, which leads to the SL price. However, EURNZD still has a chance to rebound from the support areas. In the daily timeframe, EURNZD is still active in an uptrend at the horizontal support and the higher low area of the uptrend line.
Please note In the forex market, technical works 80% of the time, and fundamental works 20% of the time. This time fundamental wins. Be patience and wait for the next good opportunity signal.
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