Pending Buy Opportunity on EUR/NZD

The EUR/NZD pair is currently moving within a bearish corrective wave, and this correction is expected to extend down to the confluence of demand zones.

The highlighted areas represent prime buying zones for the pair, as they overlap with strong daily demand levels.

Expected Targets

Should the price test the demand zones near the 1.9766 level, an upward move is anticipated toward the targets at 1.9820 and 1.9890, respectively.

The expected bullish scenario would be invalidated if the price breaks below the identified zones and closes with a bearish candle.