We were anticipating a bullish run for EURNZD but the NZD news event caused EURNZD to come down and almost retest the major ascending trendline. There was a bear flag just before structure was broken, which can be seen on the lower timeframe (See chart update below)
Will be waiting for buying pressure to confirm that EURNZD is still in a bull run and then find safe entry reasons such as bull flags and/or break retests.
Will be waiting for buying pressure to confirm that EURNZD is still in a bull run and then find safe entry reasons such as bull flags and/or break retests.
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