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In order to predict the closing price of the EUR/NZD pair, I like using the RSI and Stochastic indicators. Besides, I analyze the weekly and monthly charts of the pair. The monthly chart shows that the last three candles are forming the bearish shooting star, while the indicators on the weekly chart confirm the bearish market of the pair. Therefore, based on the analysis of the charts, the closing price of the pair on the August 1th will touch 1.5050.
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EURNZD shall be bullish
When the chart was taken, the price movement went up above Kumo. As shown in the chart, the uptrend starts on about March and it is confirmed by Stoch level is about to reach 80. In September 2, the price will hit or touch 1.7193