EURNZD Will Go Higher! Long!

Please, check our technical outlook for EURNZD.

Time Frame: 2h
Current Trend: Bullish
Sentiment: Oversold (based on 7-period RSI)
Forecast: Bullish

The market is testing a major horizontal structure 1.761.

Taking into consideration the structure & trend analysis, I believe that the market will reach 1.767 level soon.

P.S
Overbought describes a period of time where there has been a significant and consistent upward move in price over a period of time without much pullback.

Like and subscribe and comment my ideas if you enjoy them!

Comment:

I evaluated the trade and decided to keep it running!