EURNZD 18 Jan 2024 on Daily timeframe, This pair is seen initiating bullish and continues to strengthen trying to break the kumo and continue to rise. After previously experiencing sideways moving, the pair has now successfully occupied the price position of 1.78043. When referring to the stochastic indicator, it can be seen that this pair is already in the saturated zone, but even so it seems that this pair will continue to strengthen before a trend reversal finally occurs. Therefore go-long is still an option for traders. But when the trend reversal occurs, then go-short can be an option. Keep an eye on volatile market movements and trade with your own risk.
