Currency pair Euro New Zealand Dollar EUR/NZD is trading at 1.54704. The pair is trading above the upper limit of the Ichimoku Cloud, indicating an upward trend in the Euro New Zealand Dollar pair. It is expected to test the area of signal lines near the level of 1.5390 where we can expect an attempt to grow and develop the bullish trend for this pair with the aim of increasing the level of 1.5560. Earlier, a medium strength signal was received for the purchase of the Euro New Zealand Dollar pair, due to the intersection of the signal lines at the level of 1.5320.
Ichimoku Forecast EUR/NZD on March 29, 2017
The cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Cloud with the closing of quotations below the area of 1.5300, which will indicate a shift in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations EUR/NZD is with the breakdown of the local maximum area at 1.5490.
Looking for the Best Forex Broker? We trade at RoboForex. You can receive a rebates from each trade when registering using our partner link
