• Vasily Trader

EURNZD: Important Decision Ahead! Your Plan:

EURNZD is trading within a key daily structure resistance cluster.

On that, the price is currently consolidating within a horizontal trading range.

1.715 - 1.716 is its resistance.

1.7045 - 1.7065 is its support.

For now, I see two equally possible scenarios:


In case of a bearish violation of the support of the range,

bearish continuation will be expected.

Next support will be 1.69


In case of a bullish breakout of the resistance of the range,

a trend following movement will be expected.

Next resistance will be 1.73

Wait for the breakout & follow the market.