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EURNZD 24 Jul 2024 On the daily timeframe, EURNZD is showing a strong bullish trend since the beginning of this month. The pair has strengthened significantly from the price position of 1.76775 to reach the current 1.83088. This increase shows that the bullish momentum is still dominant and the potential to continue this trend is still wide open. The stochastic indicator also supports this scenario, with the chart still rising towards the 80 level, indicating that the pair has not reached the saturation point and still has room for further gains. In addition, the pair is still well above the kumo cloud, which is a strong indication that this bullish trend is still valid and will most likely continue. Overall, EURNZD shows a positive outlook to continue strengthening in the coming trading sessions, given all the technical indicators that support the current bullish trend.
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