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EURNZD Testing Key Demand Zone - Bullish Bounce Expected

EURNZD is approaching a significant demand zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key support zone, indicating the potential for a bullish bounce if buyers regain control.

The current market structure suggests that if the price confirms a rejection from this demand zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 1.83800 level, which represents a logical target within the current market structure.

If you agree with this analysis or have additional insights, feel free to share your thoughts in the comments!

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DanieIM
EURNZDforexsignalssignalprovidersignalssmart_money_conceptsSMCsmctradingsupply_and_demandSupply and Demandsupport_and_resistanceSupport and ResistanceTrend Analysis
DanieIM

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