Greetings Forexia Family, lets break down the analysis on EURNZD. As i can see from the chart that the price has trapped sellers. And made a shift from sellers. And before making higher highs the price has formed the trap selling trendline where people start to sell.
And we had a zone where price acted as a resistance and worked as a support where most people would buy the pair. Thus, the market had to take out early buyers inducing them into sells. Thus, i believe that the pair is highly likely to go up.
“PLEASE ALWAYS USE A PROPER LOT SIZES AND MONEY MANAGEMENT”