EURNZD | RISING WEDGE
EURNZD has been trading in rising wedge (bearish pattern). Currently price is approaching to the support of the wedge.
We are expecting a rise from here as multiple confluence point reside there. We have EMA100 and fib 38.2% level and trendline support.
However, break below from fib level will be all over for bulls and trend will be bearish.
We are expecting a rise from here as multiple confluence point reside there. We have EMA100 and fib 38.2% level and trendline support.
However, break below from fib level will be all over for bulls and trend will be bearish.
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Related publications
Disclaimer
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.