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EUR/NZD Trading Analysis (04/07/2024)

04.07.2024

Market Review

The trend is up. The downward truncated wave structure ended with the breach of the sloping channel. There is a bullish divergence on the Awesome Oscillator and the Stochastic Oscillator signals an oversold condition. The pair is trading near the lower border of the ascending channel.

EUR/NZD Forex price chart

Trading idea:

  • Buy on the breach of 1.7662.
  • Stop-loss at 1.7641.
  • Price targets at 1.7700 and 1.7727.


#eurnzd #forex #forextrading #tradersroom #daytradingpatterns #forexexpertadvisor

Author: GC
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