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EUR/NZD Target Level: 1.7055

December 4, 2019 6:13 am

Triangle has broken through the resistance line at 04-Dec-2019 02:00 UTC. Possible bullish price movement forecast for the next 14 hours towards 1.7055. Supported by RSI below 40 Chart 1 hourPattern TriangleLength 57 CandlesIdentified 04-Dec-2019 02:00 UTC

Triangle has broken through the resistance line at 04-Dec-2019 02:00 UTC. Possible bullish price movement forecast for the next 14 hours towards 1.7055. Supported by RSI below 40

Chart 1 hour
Pattern Triangle
Length 57 Candles
Identified 04-Dec-2019 02:00 UTC

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After testing support twice in the past, NZD/USD has finally broken through. Can we expect a bearish trend to follow?

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