Daily Video Analysis: EURNZD facing bullish pressure, potential for further rise!

Today we take a look at EURNZD. Combining advanced technical analysis methods such as Fibonacci confluence, correlation, market structure, oscillators and demand/supply zones, we identify high probability trading setups. Price is facing bullish pressure as it continues to hold above the ascending trendline and moving average support, in line with our bullish bias. We could see price bounce at the buy entry level, in line with 23.6% Fibonacci retracement, and further rise up towards take profit level, in line with horizontal pullback resistance.

The material has been provided by InstaForex Company - www.instaforex.com