EURNZD analysis 29.05.2020
The currency pair is trading in the range of 365 and 135 moving averages. The trend is downward. A bearish divergence has formed on Awesome Oscillator, and Stochastic Oscillator signals overboughtness.
Trading recommendations:
Sell when a descending pattern is formed, where the wave (aC) breaks through the inclined channel of the ascending (blue) pattern, completing it.
Stop loss for the local maximum (1.7900).
Target levels: 1.7650; 1.7480.
The EURNZD rate online: monitor the movement of the pair in real time.
