EUR/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.62574, 1.62979, 1.63000.
Key Support Levels: 1.61810, 1.61554, 1.60985
The price on the higher time frame succeeded to break the Wyckoff accumulation phase to the upside after finding buyers on the bottom of this zone. The market is posting higher highs and lows showing that the price is controlled by the bulls. Further movement to the upside is expected in the coming hours.
EUR/NZD Medium-Term Trend: Bullish
On the lower time frame, the support hold the price from moving to the downside where buyers jump back and overwhelmed the sellers. This is seen by the big bodied bars under the bespoke support. We could see a lower correction to the bespoke support before a new impulsive wave toward the target profits.
Buy Limit Order @ 1.61703
TP 1 @ 1.62559
TP 2 @ 1.62979
Stop Loss @ 1.61278
Trade Safely 🙂