Home EUR/NZD Price Analysis: Bulls are lurking below key 4-hour resistance

EUR/NZD Price Analysis: Bulls are lurking below key 4-hour resistance

Published date: 17 May. 2021 | 04:01

EUR/NZD bulls are moving in at this juncture after a significant correction.
Bulls will look for an upside continuation to break the highs.

The market is in favour of the bulls at this stage following a full-on sure to the downside.

The following illustrates the daily support vs the 4-hour resistance that needs to give for the bulls to be back in full control:

Daily chart

4-hour chart

The bulls have work to do still but a break of the 10-EMA on the 4-hour chart will be significant and make for a compelling case to the upside.

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