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Long

EUR/NZD forms bullish cypher pattern, good to buy at dips

FX:EURNZD   Euro Fx/New Zealand Dollar
174 0 6
Harmonic pattern formed- Bullish cypher pattern

Potential Reversal Zone (PRZ) - 1.6750

EUR/NZD has made a low of 1.6750 and recovered from that level. Overall trend is bullish as long as support 1.6750 holds.

Any break below 1.6750 will drag the pair further down till 1.6700/1.6660.

On the higher side minor resistance is around 1.6850 and break above would extend gains till 1.6950/1.7000.

It is good to buy at dips around 1.6820-25 with SL around 1.6745 for the TP of 1.6950/1.7000
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