ForexCryptoA

EURNZD Weekly Forecast 24th September To 28th September

OANDA:EURNZD   Euro / New Zealand Dollar
Midterm forecast:

1.7480 is a major support, while this level is not broken, the Midterm wave will be uptrend.
Technical analysis:

The RSI bounced from the resistance #1 at 80 and it prevented price from more gains.
The RSI uptrend #2 is broken, so the probability of beginning of downtrend is increased.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index ( RSI ) is 51.
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