EURNZD is currently moving within a rising, expanding channel and has recently posted a new higher high on the 4-hour timeframe, breaking through a key horizontal resistance level.
This breakout suggests a potential continuation of the bullish trend, targeting the 1.920 resistance area.
An ideal entry would be within the demand zone aligned with the broken structure and supported by the ascending channel’s trendline.
This breakout suggests a potential continuation of the bullish trend, targeting the 1.920 resistance area.
An ideal entry would be within the demand zone aligned with the broken structure and supported by the ascending channel’s trendline.
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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.