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EURNZD: WEEKLY ASCENDING TREND BREAKOUT-BULLISH.

 

 

 

In malice of conquering the 32-month-old ascending trendline resistance, in the weekly time-scale, the EURNZD closes just above the 1.76987 in progression to extend its north run the pair has to cross the Check posts 1.7900 and the 1.8000. If the pair crisscrossed these zones, it opens the door for its next halt around the 1.8130 and the 1.8300 marks.

In a different scenario, if the pair losses its potential before or after the 1.8000 then it can witness the pullback action 1.7485 and the 1.7380.

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07 Sep 2018 12:33 pm Posted by tamilforex

 
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