Currency Pair Euro New Zealand Dollar EUR/NZD is trading at 1.5399. 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 upper boundary of the Ichimoku Cloud near the level of 1.5340 from which we should expect an attempt to grow and develop the bullish trend for this pair with the aim of increasing the level of 1.5530.
Ichimoku Kinko Hyo forecast EUR/NZD on March 27, 2017
Previously, a strong 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 1.5310. 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 1.5290, which will indicate a change in the upward trend in favor of a downward trend. Expect to accelerate the growth of quotations EUR/NZD stands with the breakdown of the local maximum area at 1.5430.
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