EURNZD has been exhibiting a bearish trend, characterized by lower highs and lower lows. However, a persistent bullish divergence has emerged, indicating potential upward momentum. Furthermore, the completion of the AB=CD harmonic pattern adds to the bullish outlook. A break above the neckline at the previous lower high of 1.75314 would signal a shift in control to the bulls.
Trade active
Note
TP1 hitTrade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.