EUR/NZD Price Analysis: Bulls seek out upside confluence targets
|- EUR/NZD bulls are stepping in and targeting the prior support.
- The areas on confluence are compelling targets.
EUR/NZD is stalling on the downside which raises prospects of an upside move to test prior support.
Daily chart
The 38.2% Fibonacci retracement, as it stands, has a perfect confluence with the prior support as an upside target.
30-min chart
The 30-min chart is testing the 21 EMA that guards a run towards the confluence of targets as illustrated above.
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