EUR/USD 4H chart EUR/USD surged after Powell’s speech on Friday…
EUR/NZD looking to post fresh highs
2019-11-11 • Updated
The rally seen in the EUR/NZD pair is a proof that a bullish consolidation is in place for the short-term. From the 1.7011 level, the pair has started a retracement that it’s easing the overbought levels shown during the last few days. Now, it’s on the way to test the Fibonacci level of 50% at 1.6828, where it could gather enough momentum in order to go towards the -23.6% Fibo zone at 1.7098. A breakout below the 65% level could expose the 1.6644 level.
RSI indicator remains in the negative territory.
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