EURNZD is in the overbought zone
Technical analysis of EURNZD
EUR/TRY is moving to the support
Information is not investment advice
On H4, the EUR/TRY pair has been moving to the support in the range of 6.52-6.5030 but the level of 6.5453 has been preventing the fall. A breakthrough below 6.5453 will lead EUR/TRY to the range. A move below the range will cause the following decline to 6.4055. If the pair rebounds, we can anticipate a rise to 6.5985 but remember about the trendline that will limit the upward movement.
Darya Bobrova
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