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EURNZD 19 Jun 2024 On the H4 timeframe, EURNZD experienced a bullish trend reversal after touching the support line. Although the pair is still below the kumo cloud, the bullish trend may still continue. A look at the stochastic indicator shows that there is oversold saturation, which indicates the potential for further strengthening. Traders should monitor the resistance level around the kumo cloud to see if the pair is able to break it, which would provide additional confirmation for the continuation of the bullish trend. In addition, it is important to pay attention to other technical indicators and signals from candlestick patterns to get a more complete picture of the next price movement.

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