EURNZD - Parabolic Exhaustion or Break of 4 yr High
EURNZD has been on a strong bull run as it approaches making significant yearly highs.
Its reaction to breaking through will test if the enthusiasm is backed by continual buying.
Conversely, a rejection could lead to a strong bearish reaction in the short term.
The presence of 2 consecutive Doji candles indicates a degree of indecision given the lack of committed opinion either way
Its reaction to breaking through will test if the enthusiasm is backed by continual buying.
Conversely, a rejection could lead to a strong bearish reaction in the short term.
The presence of 2 consecutive Doji candles indicates a degree of indecision given the lack of committed opinion either way
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