EURNZD could see a bounce back to above 1.74 this week

[SyamFX]

Technically the overall momentum remains mixed after the last week’s sell-off. I expect the pair is likely to see more volatility going forward. In the short term, if the pair regained bullish momentum, then the next upside level to watch is 1.7260/70. If prices settle above 1.7260, the pair could re-test the hourly 200-SMA located near 1.7340. Successful clearance of this price level gives the bulls clear skies to aim for 1.7400. Although, the retracement rally on the EURNZD could provide new rally-selling opportunities**.** On the downside side, if the pair fails to regain upside momentum, then downside action should continue.

[robinroy]

@SyamFX

Technically the overall momentum remains mixed after the last week’s sell-off. I expect the pair is likely to see more volatility going forward. In the short term, if the pair regained bullish momentum, then the next upside level to watch is 1.7260/70. If prices settle above 1.7260, the pair could re-test the hourly 200-SMA located near 1.7340. Successful clearance of this price level gives the bulls clear skies to aim for 1.7400. Although, the retracement rally on the EURNZD could provide new rally-selling opportunities**.** On the downside side, if the pair fails to regain upside momentum, then downside action should continue.

Interesting analysis on EURNZD! Mixed momentum, but potential for a bounce above 1.74. Watch 1.7260/70 and 1.7340. Bulls eyeing 1.7400, while retracements may offer selling opportunities. Stay vigilant and adaptable!