Time frame: Daily chart
Indicators:
Bollinger bands
Stochastic indicator
The euro has started showing some gains, but i expect these gains to be limited to certain pairs till the euro economy starts to improve.
My forecast on the eurnzd is 1.6200, the pair has formed a bottom at 1.488 after a very heavy fall.
after breaking the support at 1.57, the pair looks to be heading back up.
The move will be confirmed with Stochastic staying above the 50 mark and price above the bollinger bands.
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