The price on the H4 chart is in the oversold zone with a 21-period RSI. Furthermore, on the D1 chart, the price, which is still within an ascending channel, appears to have received an upward reaction, and it is also close to the oversold zone and above the 100-day simple moving average.
Despite signals of easing in the monetary policies of both the ECB and the Reserve Bank of New Zealand (RBNZ), there seems to be a slight decrease in the Eurozone's recent inflation data, which mildly supports the ECB.
Opening Price: 1.7879
Stop Loss: 1.7775
Take Profit: 1.7975
Despite signals of easing in the monetary policies of both the ECB and the Reserve Bank of New Zealand (RBNZ), there seems to be a slight decrease in the Eurozone's recent inflation data, which mildly supports the ECB.
Opening Price: 1.7879
Stop Loss: 1.7775
Take Profit: 1.7975
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