EURNZD has been consolidating for the past 10 months, getting closer to the apex of this triangle. A breakout could occur in either direction, we will be waiting for a close above or below the trendlines created by the consolidation. The closer the breakout occurs to the apex the stronger the potential move can be when it happens.
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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.