EURNZD (1H) - short term bullish bias
The euro found strong buying interests near the 4H support level of 1.7330. The 20-hour MA has crossed above the 30-hour one and this morning's strong momentum suggests mounting bullish pressures for the next few hours. We expect the price to test the congestion area of 1.7500 which is a psychological level as well as the upper band of the pennant.
Key support: 1.7350
Key resistance: 1.7500
The euro found strong buying interests near the 4H support level of 1.7330. The 20-hour MA has crossed above the 30-hour one and this morning's strong momentum suggests mounting bullish pressures for the next few hours. We expect the price to test the congestion area of 1.7500 which is a psychological level as well as the upper band of the pennant.
Key support: 1.7350
Key resistance: 1.7500