Technical analysis of EURNZD
USD/JPY: 'Hammer' right above the 'Window'
Information is not investment advice
The last 'Engulfing' pattern led to the current decline. At the same time, there's a 'Hammer' right above the 'Window', so we're likely going to have a local upward correction towards the upper 'Window' (111.09). The subsequent pullback from this level could lead to another decline towards the next support at 108.13.