Technical analysis of EURNZD
EUR/USD: bullish 'Engulfing'
There's a bullish 'Engulfing', which has been confirmed. So, the pair is likely going to test the next resistance at 1.1701. A pullback from this level could be a departure point for another decline.
We've got a 'Harami', which has formed on the upper 'Window', so it's time for a local correction. Even so, the price is going to reach the closest resistance at 1.1701 little later on.
There's no any reversal pattern so far, so the market is likely going to test the nearest resistance area in the short term...
GBP/JPY reversed from resistance zone Next sell target - 149…
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