EUR/NZD Long-Term Trend: Bullish
Key Resistance Levels: 1.6520, 1.6552, 1.6612
Key Support Levels: 1.6379, 1.6294, 1.6150
The price on the higher time frame has been in an uptrend for the last few weeks and has formed a higher-high, higher-low pattern. The pair has broken a resistance level of 1.6335 with good momentum that indicates a bullish continuation.
EUR/NZD Medium-Term Trend: Bullish
On the lower time frame, the pair is moving in the major trend’s direction. The price was trading in a range between 1.6379 and 1.6294 and then there was an attempt to break to the downside but the price reversed and has broken the upper range. The pair is now continuing the move after doing a retest.
Buy Limit Order @ 1.6444
TP 1 @ 1.6519
TP 2 @ 1.6594
Stop Loss @ 1.6369
Trade Safely 🙂