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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Commentaire:

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