EUR/NZD Trading Analysis (18/07/2025)
The trend is up. The currency pair is trading within the 365-135 EMA range. The downward wave structures are truncated. There is bullish divergence on the Awesome Oscillator, as well as an oversold condition on the Stochastic Oscillator.
Trade idea:
- Buy when an ascending wave structure begins to form and wave A breaches the sloping channel of the descending, truncated structure.
- Stop-loss ar 1.9499 (under the local minimum of the descending structure).
- Price targets are 1.9559 and 1.9620.
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