EURNZD
EURNZD Weekly outlook
Price has been bullish since late July with no major pullbacks. We did see some small areas of consolidation but nothing too major from the bears. We now have a triangle pattern forming with a key level highlighted in yellow. 2 plans on this:
- To be a bull in the pair ideally we would need a break of falling resistance and buy from support to retest highs and even retest 2018 high / 1.32 fib extension.
- To be a bear in this pair we are looking to break support and then break 618 which will avoid any false breaks and set targets for 38.2.