💱EURNZD - The price is preparing for a breakout and a rise
EURNZD is forming an ascending triangle and for the past few hours, the currency pair has been showing potential that is preparing the price for upward movement
TA on high timeframe:
1) A retest of 1.8000 is forming
2) Consolidation near liquidity on the resistance side
TA on the low timeframe:
1) An ascending triangle is forming
2) Price into the range and consolidates near resistance
3) Pre-breakout consolidation is forming
4) Breakout of 1.8000 will send the price to 1.81000
5) Medium-term potential is to rise to 1.83000
Key support: 1.79270
Key resistance: 1.80000
TA on high timeframe:
1) A retest of 1.8000 is forming
2) Consolidation near liquidity on the resistance side
TA on the low timeframe:
1) An ascending triangle is forming
2) Price into the range and consolidates near resistance
3) Pre-breakout consolidation is forming
4) Breakout of 1.8000 will send the price to 1.81000
5) Medium-term potential is to rise to 1.83000
Key support: 1.79270
Key resistance: 1.80000
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