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VladimirRibakov
Mar 23, 2021 1:35 PM

EURNZD Short Term Buy Idea Towards Key Resistance Zone Long

EUR/NZDOANDA

Description

D1 - Bearish trend pattern completed, bullish divergence.

Currently, it looks like a correction is happening.

Price still has room higher towards the key resistance zone formed by the 38.2% - 50% Fibonacci retracement zones.

H4 - The price which is moving higher has broken above a strong resistance zone.

Currently, there are no signs of a trend change.

Until the strong support zone holds I expect pullbacks and then further continuation to the upside,
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