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EUR/NZD WEEKLY SETUP UPDATE

From the previous Post EUR NZD Weekly Setup on 07 Sept 2021, I posted that the EUR NZD is trading on the Ranging Market, although its actually broke the ranging market but the pair hold the Low from February 2021, and currently rise above and entering the Range market again.

 

From the Daily Chart the momentum Indicator Shows upward movement and price also significantly move higher, but there is a Fractal Resistance in the Daily Chart, if in the coming Days EUR NZD able to close above the Channel and even better break the Fractal Resistance, there is a good chance this pair will go to the top of the range in the weekly Chart which is around 1.7203.

 Trading Position : Bullish

 Target : 1.6989

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