Forex market technical outlook for EUR/USD and NZD/USD

Technical analysis indicates varying trends for major currency pairs. The EUR/USD pair has seen an accelerated decline from 1.1710, with a short-term bearish bias toward the 55 D EMA at 1.1539. While a break below 1.1353 could signal a medium-term trend reversal, the long-term outlook remains neutral unless the psychological level of 1.2000 is decisively breached.

In contrast, the NZD/USD daily structure has shifted from bearish to bullish. Following a liquidity sweep near 0.6000 and a subsequent decline to the 0.5600 region, buyers regained control. The pair has established a sequence of higher highs and higher lows, currently approaching the 0.6000–0.6020 liquidity zone. Confirmation of price acceptance above this area is required to support continued bullish momentum.