EURNZD currency pair just hit the mid term resistance zone, after a medium term rally from the harmonic reversal pattern yesterday. An internal bullish bat was also responsible for the upward pressure from 1.73427 to 1.7451 region on H1 TF. Moreover, EURNZD is also at the resistance zone of the bullish channel, and a drop is iminent.
As such, I'm anticipating a drop from this zone to the 1.73660 as both my short and medium term targets.
@raouf3961, this is my chart. Ideally I was expecting the bullish run to come to a halt for a while at the 1.74555 or slight above it. But price pushed further to the upside by a bullish momentum candle. The break above the upper channel line will nullify my bias.