EUR/NZD (Daily chart) - Rebound from Oversold Area

After a rapid selldown, this counter reached strong support, where buyers were ready to step in.

This is likely to lead to a rebound.

Took a long position after I shared in my free Telegram channel last week, and will continue hold as long as the bullish momentum does not fade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.