EURNZD is in the overbought zone
Technical analysis of EURNZD
EUR/USD: 'Shooting Star' on the 34 MA
Information is not investment advice
The 34 Moving Average has acted as resistance, so there's a 'Shooting Star' pattern, which has been strongly confirmed. At the same time, there's a bullish 'Harami', so there's an opportunity to have a local correction towards the upper 'Window' (1.1306). A pullback from this level could be a starting point for another decline in the direction of lower 'Window' (1.1095).
Galya Svetlova
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