EURNZD is moving in a strong uptrend, confirmed by both weekly & monthly closes above the 1.96-1.98 zone.Fibonacci retracement shows price holding above the 0.382 and 0.618 levels.A clear breakout above 2.00-2.12zone(fib extraction targets). Risk management: Trailing stop under each weekly candle (1-1.5ATR).As long as weekly closes stay above 1.96,the bullish momentum remains intact.
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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.