The EURNZD attempted to recover more of the losses by its rally towards 2.0395, to face a strong barrier, which forces it to reach 2.0270 to confirm the dominance of the bearish bias in the current trading.

 

The stability below the previously mentioned barrier and providing negative momentum by stochastic will increase the efficiency of the bearish track, to expect reaching 2.0225 and surpassing it will renew the pressure on the main support at 2.0060.

 

The expected trading range for today is between 2.0225 and 2.0370

 

Trend forecast: Bearish