EURNZD is in the overbought zone
Technical analysis of EURNZD
EUR/GBP: 'V-Top' pattern
Information is not investment advice
There's a bullish 'V-Top' pattern, which led to the current upward price movement. At the same time, we've got a bearish 'Thorn', so the market is likely going to test the nearest support 0.8543 - 0.8556 in the short term. If a pullback from these levels happens next, bulls will probably try to reach another resistance at 0.8616 - 0.8634.
Sergey Logachev
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