The EURNZD price is forced to form mixed trading, despite its stability within the bullish channel’s levels, affected by the strength of the barrier of 2.0635, fluctuating near 2.0550 level, taking advantage of the continuation of the support stability at 2.0410, increasing the chances of gathering the required bullish momentum of resuming the bullish attack.

 

Stochastic fluctuation below 80 level confirms the effect of the temporary sideways bias dominance, to keep waiting for gathering bullish momentum to ease the mission of surpassing the barrier at 2.0635, to begin targeting the extra stations near 2.0700 and 2.0760.

 

The expected trading range for today is between 2.0475 and 2.0635

 

Trend forecast: Bullish