EURNZD is maintaining a strong bullish structure, supported by a clean ascending trendline and the 200 EMA, both acting as dynamic support. Price recently pulled back into a key demand zone, which also aligns with trendline support and the EMA — creating a confluence area. As long as this zone holds, we can expect bullish continuation toward the previous swing highs, potentially targeting the 1.9450+ area. A strong rejection from the current level could confirm a fresh impulsive wave upward
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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.