Rise After Resistance Breakout or Drop to 1.7670 Support
Updated
After breaking the falling resistance line, EUR/NZD is likely to rise and may hit all targets. However, if it doesn't break through, the pair could drop to the 1.7660 support level. From there, we expect it to bounce back and go up again. This means it's important to watch the resistance level closely, as it will affect the pair's next move. A successful breakout could open up buying opportunities, while a drop to support might provide a good entry point for buyers.
Order cancelled
EUR/NZD failed to break the ''falling resistance line'' and dropped further than expected. Based on this, it seems that this analysis is no longer valid.
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