EUR/NZD: Bullish Structure Intact After Pullback to Key Support

The EUR/NZD pair has completed an ABC pullback toward the support zone and channel boundary, recently bouncing off the psychological level at 1.91000, which has shown to be a significant area of strength.

On higher timeframes, the market continues to post higher highs and higher closes, confirming a bullish long-term trend. While the recent retracement suggests a possible consolidation phase, the price is expected to retest at least 50% of the pullback range, with potential to climb even higher. If it holds above the 1.9000–1.9100 support zone, the probability of a resumed upward move remains strong. The next target is the resistance zone around 1.96700