Buy EURNZD Bullish Channel

Updated
The EUR/NZD pair on the M30 timeframe presents a potential Buying opportunity due to a recent formation of well-defined channel pattern. This suggests a shift in momentum towards the Upside in the coming Hours.

Key Points:

Buy Entry: Consider entering a Long position around the current price of 1.7975, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels:
1st Support – 1.8084
2nd Support – 1.8145

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beyondtechnicalanalysischanneltrendChart PatternsEUREURNZDeurnzdlongfundamental-analysisTechnical IndicatorsNZDTrend Analysis
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