For the last two weeks, EURNZD remains weak and indecisive. The pair is coiling within a horizontal trading range. It looks like the market participants are waiting for some fundamentals.
To catch a bullish move wait for a bullish breakout of a range's resistance. In case of a 4H candle close above that a bullish movement will be expected to 1.73 level.
In case of a bearish breakout though, the pair may drop lower.
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Nota
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