EURNZD is in the consolidation zone following the drop from the resistance. It is creating the AB=CD pattern.
Price is testing the resistance level and the 50% retracement level. The market is coiling up before the new expansion.
We anticipate a breakout of the consolidation zone and a trend continuation, completing the AB=CD pattern.
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Price is testing the resistance level and the 50% retracement level. The market is coiling up before the new expansion.
We anticipate a breakout of the consolidation zone and a trend continuation, completing the AB=CD pattern.
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Share your opinion in the comments and support the idea with Like. Thanks for your support!
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