EURNZD CONTINUES BULLISH RUN
A bullish impulse from 1.59300 to 1.63000 can be seen from the daily TF of EURNZD and after an impulse comes a correction to at least the 38.2% of the fib but in this case correction made it way to the 61.8% also known as the golden ratio which can be seen in confluence with the broken resistance turned support at 1.61000. A double bottom can also be seen on the 4hr TF which indicates more bullish bias. From here we can look to buy with TP at 1.65000
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.