EURNZD had been printing series of LHs and LLs , declining continuously. Recently, it made first HL which has been confirmed by breaking above last HL and printing of first HH. It may be taken as start of new Bullish trend of the currency pair. Long positions may be looked for with defined SL below HL.
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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.