EUR/NZD forms bullish cypher pattern, good to buy at dips
Harmonic pattern formed- Bullish cypher pattern
Potential Reversal Zone (PRZ) - 1.6750
EUR/NZD has made a low of 1.6750 and recovered from that level. Overall trend is bullish as long as support 1.6750 holds.
Any break below 1.6750 will drag the pair further down till 1.6700/1.6660.
On the higher side minor resistance is around 1.6850 and break above would extend gains till 1.6950/1.7000.
It is good to buy at dips around 1.6820-25 with SL around 1.6745 for the TP of 1.6950/1.7000
Potential Reversal Zone (PRZ) - 1.6750
EUR/NZD has made a low of 1.6750 and recovered from that level. Overall trend is bullish as long as support 1.6750 holds.
Any break below 1.6750 will drag the pair further down till 1.6700/1.6660.
On the higher side minor resistance is around 1.6850 and break above would extend gains till 1.6950/1.7000.
It is good to buy at dips around 1.6820-25 with SL around 1.6745 for the TP of 1.6950/1.7000