EURNZD BULLISH PUSH

10 Okt 2024

• The chart indicates a bullish breakout above resistance at 1.8137.
  
• Price found strong support around the 1.75067 level.
  
• Recent price action suggests buyers are currently in control of the market.
  
• A retest of the breakout zone (red area) is likely before further movement.
  
• The red zone represents a potential entry point for buyers after a pullback.
  
• The blue shaded area above marks the next target zone for a continued upward move.
  
• This move follows a period of consolidation near the lower support area.
  
• Strong bullish momentum could indicate further uptrend continuation.
  
• The price is reacting well to key support and resistance zones.
  
• Traders may expect a bullish move unless price falls below the red zone during the retest.