EUR/NZD is doing nothing at the moment. It continues to trade within a narrow range between 1.5165 - 1.5338, but we need a break above 1.5347 to confirm that the next impulsive rally higher towards 1.5570 and likely even closer to 1.5790 is unfolding.
Support at 1.5151 should continue to protect the downside.
We are long EUR from 1.5235 with stop placed at 1.5050. If you are not long EUR yet, then buy a break above 1.5347 and use the same stop.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade.
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