Technical analysis of EURNZD
EUR/USD: 'Inverted Hammer' on the 'Window'
There's an 'Inverted Hammer', but confirmation of this pattern isn't enough. So, after a short break, the market is likely going to achieve the lower 'Window', which could be a starting point for a bullish correction.
The price is consolidating under the 34 Moving Average. Because of the last 'Tweezers' pattern, the pair is likely going to test the 55 MA in the coming hours. If we have a pullback from this line little later on, there'll be a green light to have another decline.
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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