Based on the hourly chart of the blade oscillator the EURNZD is having a strong bullish trend by locating at 0.0023 above the level of balance and the indicator is blue colored that means there is a strong bullish move will happen in a short time .
By using moving average 5 we will notice a UP slope so 1.6123 could be considered a good stop loss for if there were buy positions as it is considered the last bottom by using the indicators signals .
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