Currency pair Euro to New Zealand Dollar EUR/NZD is trading at 1.5867. The pair is trading above the cloudy Ichimoku Kinko Hyo, which indicates an bullish trend in the pair Euro to New Zealand Dollar. Ichimoku Kinko Hyo Cloud near the level 1.5850 is expected to be tested, from which we can expect an attempt to grow and develop the bullish trend of the pair with a view to rising near 1.6110.
EUR/NZD forecast Euro to New Zealand Dollar May 16, 2017
Earlier, a medium strength signal was received for buy of the pair Euro to New Zealand Dollar, due to the crossing of the signal lines at the level of 1.5790. Cancellation of the growth option will be a breakdown of the lower boundary of the Ichimoku Kinko Hyo Cloud with the closing of quotes below the area of 1.5730, which will indicate a change in the upward trend in favor of the downward trend. Expect to accelerate the growth of quotations EUR/NZD with the breakdown of the local maximum area at 1.6020.
