EUR/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.7087, 1.7115, 1.7145
Key Support Levels: 1.7036, 1.6998, 1.6952
The price is trending to the upside by posting higher highs and lows. It managed to break the strong resistance around the 1.7036 USD mark and now it is playing the role of a support. The pair retrace to it by posting a correction and we expect a move to the upside after the pullback.
EUR/NZD Medium-Term Trend: Bullish
On the 15-mins time frame, the pair is trading inside a pennant flag. The price managed to break it to the upside. A lower correction might be seen to the highlighted zone. This move could lead to a move upward again to the target profit.
Buy Market Order @ 1.7051
TP 1 @ 1.7083
TP 2 @ 1.7115
Stop Loss @ 1.7035
Trade Safely 🙂