SavantForex
Long

EURNZD Appears Bullish

FX_IDC:EURNZD   Euro / New Zealand Dollar
35 0 3
On the daily and weekly charts there are hammer candles and crossing of stochastics. Similar to NZDCAD             , EURNZD             had an emotional response to the announcement of the NZ             interest rate change because it matched expectations. Then it moved rationally, which is up because NZD is headed down faster than EUR. This created the hammer candles. This "rational" movement (up for EURNZD             ) is expected to be the primary continuing direction.
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