EUR/NZD Trading Analysis (26/05/2025)
The trend is up. The downward wave structure is truncated. There is bullish divergence on the Awesome Oscillator and an oversold condition on the Stochastic Oscillator.
Trade idea:
- Buy when the ascending wave structure begins forming and wave A breaches the sloping channel of the descending truncated structure.
- Stop-loss at 1.8922.
- Price targets are 1.9050 and 1.91500.
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