EUR/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.69008, 1.69420, 1.69800.
Key Support Levels: 1.68024, 1.67749, 1.67506.
The price on the higher time frame is in a clear upward movement where higher highs and lows has been posted. The market succeeded to break the strong resistance area around the 1.68000 NZD mark. A correction has been posted that means after it we should expect an impulsive wave toward the next key resistance level.
EUR/NZD Medium-Term Trend: Bullish
5-Mins Time Frame:
On the lower time frame, the price succeeded to break the bullish flag to the upside after finding buyers near the 50% Fibonacci retracement level. A slight lower correction could be seen before a new bullish impulsive wave toward the target profits.
Buy Limit Order @ 1.68232
TP 1 @ 1.69002
TP 2 @ 1.69420
Stop Loss @ 1.67872
Trade Safely 🙂