↑ EURNZD, potential 30-40 pips move to profit from
I believe this trade has the potential to retest the previous resistance, which is approximately 30-40 pips distant. Should it succeed in breaking through, it is likely to maintain its upward trajectory. The presence of a strong 4-hour lower shadow indicates that buyers remain active in the market. Additionally, the overarching market trend is bullish. The Euro is currently experiencing buying interest, while the Swiss Franc is at a 52-week low.
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