Despite the EURNZD price stability within the bullish channel’s levels, facing difficulties in resuming the bullish attack, as it reached strong liquidity draw zones that are represented by 1.9225 level, which forces it to form an intraday negative rebound at 1.9015.

 

Despite forming some bullish waves this morning and reaching 1.9140 level, but its stability below 1.9225 confirms delaying the bullish attack, to expect its surrender to stochastic negativity and reaching 1.9020 followed by 1.8960, to form the waited correctional target in the near period trading.

 

The expected trading range for today is between 1.9020 and 1.9185

 

Trend forecast: Bearish