EURNZD Long following uptrend wedge and failure to break 50 EMA

FX:EURNZD   Euro / New Zealand Dollar
This pair is close to a breakout as can be seen by the uptrend wedge that I have drawn on the chart. Currently showing consolidation at the lower parallel trend line , and is failing to break the 50 EMA line despite the last few attempts. My analysis shows that this is a good setup for a long position.