Technical analysis of EURNZD
EUR/USD: market to reach 55 Moving Average
Information is not investment advice
The last bullish 'Harami' pushed the price higher. The pair is near the 34 Moving Average, but there's no any bearish pattern so far. In this case, it's likely that the market is going to reach the 55 Moving Average (1.1398) within the next few hours. If a pullback from this line happens afterwards, bears will probably try to achieve the previously tested support at 1.1189.