The fibo circles in EUR/NZD suggest that the pair is in a strong support zone.
Also it has formed a double bottom pattern, followed by a strong up move, then by a bullish flag pattern.
Hence we expect the pair to take support around this zone and continue its bullish move
Also it has formed a double bottom pattern, followed by a strong up move, then by a bullish flag pattern.
Hence we expect the pair to take support around this zone and continue its bullish move
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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.