EURNZD Testing Key Demand Zone - Bullish Bounce Expected
EURNZD is approaching a significant demand zone, marked by prior price rejections and strong buying pressure. This area has historically acted as a key support zone, indicating the potential for a bullish bounce if buyers regain control.The current market structure suggests that if the price confirms a rejection from this demand zone, there is a high likelihood of an upward move. I anticipate that if rejection occurs, the market may head higher toward the 1.83800 level, which represents a logical target within the current market structure.
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