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  • 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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