EURNZD is trapped in a triangle
The Euro Against NZD is trapped in a triangle that likely is going to fall. hit the trend line and go higher. for this idea is that this triangle is simple enough the retracement of a higher timeframe. the policy of the Reserve bank of New Zealand is still dovish and a lot of downside movement in NZD is expecting.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.