EURNZD – Bullish Continuation Toward 1.86640

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EURNZD is currently trading within an ascending channel, maintaining a strong bullish momentum. The price has broken above a key resistance zone and may now be pulling back for a retest. This area previously acted as resistance and may now serve as support, aligning with a potential bullish continuation.

If buyers confirm support at this level, the price is likely to move upward toward 1.86640, which aligns with the upper boundary of the channel. Conversely, a failure to hold support could signal a potential bearish shift.

Traders should monitor for bullish confirmation signals, such as bullish engulfing candles, strong wicks rejecting the support zone, or increased buying volume, before considering long positions.

Let me know your thoughts or any additional insights you might have! 🚀📈

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تم حذف الأمر

It reached the target, but unfortunately, the market didn’t pull back, so I didn’t get an entry in this trade.