EURNZD LONG

29 Nov 2020

We have seen about 4 weeks of a bearish attack and when we was last in a bullish trend on the daily chart it trended for roughly the same amount of time. We have hit a strong support area and are hoping for a break of the trendline and a move to the upside and could see it retrace up to the 61.8% level. The RSI is showing divergence and in a oversold situation where we should at least see a move up to the 50.00 before we see rejection.