EURNZD is in the overbought zone
Technical analysis of EURNZD
EUR/USD: bullish 'Three Methods' pattern
Information is not investment advice
There's an upward correction, which is taking place on the Daily chart. Also, we've got a bullish 'Three Methods' and there's no any bearish pattern so far. In this case, it's likely that the market is going to test the 34 Moving Average (1.1266) in the short term. If a pullback from this line happens next, there'll be a moment for another decline in the direction of another support at 1.1034.
Galya Svetlova
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