EUR/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.6789, 1.6910, 1.6958
Key Support Levels: 1.6601, 1.6458, 1.6305
The price on the higher time frame has recently reversed the direction after having a bearish run. The pair found support at the 1.6152 level and bounced back after testing that area. It has broken a level of 1.6458 and sustained above that which indicates a bullish bias.
EUR/NZD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The price has recently broken a consolidation zone to the upside and sustained above that. It has now also broken and retested a minor level of 1.6601 before continuing the momentum.
Buy Stop Order @ 1.6680
TP 1 @ 1.6771
TP 2 @ 1.6908
Stop Loss @ 1.6589
Trade Safely 🙂