EURNZD breakout down trend hits +2570 points

EURNZD Breakout Analysis

EURNZD breakout the down trend line in 1 hour chart.

breakout at descending channel chart

Resistance level turned into the Support level on EURNZD Weekly Chart check here

resistance act as new support level in eurnzd

After the confirmation of bullish movement, EURNZD buy signal is given.

EURNZD buy signal reached the take profit 2 successfully.

As per long term view, we are still expecting this market to bounce up more as the breakout happened at smaller time frame and reversal confirmed in larger time frames.

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