**Monthly Chart**
EURNZD is moving into a range between High 1.8400 and low 1.73800 from June 2023 till date (almost a year). Last month, the candle closed as a strong bearish engulfing candle suggesting a turn or a move back to the support area. This month's candle which will be closed by the end of this week opened lower and is currently testing the demand zone.
**Weekly Chart**
Last week’s candle closed bullish after swiping the liquidity of Feb 2024 swing low and then coil around the demand zone, which suggests bullish moves in the upcoming weeks.
**Daily Chart**
At the break of the last daily candle high we will be looking for a buy entry on lower timeframes to take this pair at least towards 1.7700 level and then 1.7850 level.
EURNZD is moving into a range between High 1.8400 and low 1.73800 from June 2023 till date (almost a year). Last month, the candle closed as a strong bearish engulfing candle suggesting a turn or a move back to the support area. This month's candle which will be closed by the end of this week opened lower and is currently testing the demand zone.
**Weekly Chart**
Last week’s candle closed bullish after swiping the liquidity of Feb 2024 swing low and then coil around the demand zone, which suggests bullish moves in the upcoming weeks.
**Daily Chart**
At the break of the last daily candle high we will be looking for a buy entry on lower timeframes to take this pair at least towards 1.7700 level and then 1.7850 level.
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