A strong buying opportunity for the EUR/NZD pair is on the horizon.

The EUR/NZD pair has reached strong buying demand zones on the daily timeframe after continuing its decline recently.

These zones are considered strong, and a rebound is highly likely, as a correction following the recent drop and oversold conditions.

Expected Targets

Currently, if today's candle closes bullish and near the high, a strong bullish confirmation pattern is expected, potentially pushing the pair towards the targets of 1.97300 and 1.98500, respectively.

However, if the demand zones are broken and the daily candle closes below them, the analysis and the expected upward movement will be invalidated.

A Strong Buying Opportunity for the EUR/NZD Pair Awaits  The EUR/NZD pair has reached strong buying zones on the daily chart after continuing its decline in recent sessions. These levels are considered strong, and we are very likely to see a return to an uptrend as a correction following the recent decline and oversold conditions. Expected Targets It is currently expected that if today’s candle closes higher and near the high, we will see a strong bullish confirmation pattern that could drive the pair higher toward the specified targets at 1.97300 and 1.98500, respectively. However, if the pair breaks through the demand zones and closes below them on a daily candle, the analysis will be invalidated and the expected rally will fail.