EURNZD is in the overbought zone
Technical analysis of EURNZD
EUR/GBP: 'V-Bottom' pushing market higher
Information is not investment advice
The pair has been rising since the last 'V-Bottom' pattern was formed. Also, all the Moving Averages have been broken. In this case, we should watch the previously tested resistance at 0.8697 - 0.8722 as a potential target. The subsequent pullback from this level could lead to a downward correction towards the Moving Averages.
Sergey Logachev
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