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EUR/NZD 04/08/18 | EconAlerts

Technical Analysis – EUR/NZD looks overbought

EUR/NZD challenges 3-year high; looks overbought. EUR/NZD has been outperforming over the last couple weeks, after the rebound on 20- and 40-simple moving averages (SMAs) in the daily timeframe. The price reached a fresh almost three-year high of 1.7673, during today’s trading session with strong momentum. The MACD oscillator is strengthening its positive momentum

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