EURNZD Breakout of Triangle - Expecting 1.57

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EURO NZD has been consolidating since its downward move yesterday and with Euro being Strong at the moment an upward correction was likely, now confirmation has been given out a Breakout of a triangle, missed the entry at the bottom of the Triangle so sat on my hands and awaited further confirmation. NZD has been overbought for a while and the RBNZ s getting worried about currency strength at present.

Both Fundamentally and Technically supported. Gathering further evidence together for a Long term Long. Intra day trade taken due to it being a Friday