EURNZD has broken the resistance, Re-entered back and made -650 Points

EURNZD Analysis

EURNZD has broken the top resistance level in the 1-hour timeframe chart.

After the breakout, EURNZD has retested the broken level and bounces up with Buyers pressure.

After the confirmation of upward movement, EURNZD Buy signal is given.

EURNZD went near to the take profit of around +530 points and it has not reached the take profit.

EURNZD came back to the broken resistance level for the 2nd time. As per the latest economic news, Today is the Inauguration day for the US President, Due to this Inauguration, the Euro currency becomes weak.

EURNZD re-entered into the previously broken resistance level which leads to the stop loss price.

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