It appears
that the move to the upside on the EUR/NZD charts that has been forming ever
since the pair formed a double bottom at the 1.5100 level might temporarily
stall at the very least, because the pair has formed a shooting star
candlestick and a spinning top candlestick on the four-hour time-frame below
the resistance at 1.5780. If that signal is valid, then we can likely expect a
move to the downside towards target 1.5530, which coincides with (MA)89 on the
one-hour time frame. On the other hand, if the pair continues moving to the
upside and breaks above 1.5780, its next target will likely be 1.5880.
Very accurate assessment.
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