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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:


Bearish

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

bearish continuation will be expected.


Next support will be 1.69


Bullish

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.

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