Long

Lingrid | EURNZD market at CONFLUENCE zone. Potential Long

has completed an ABC pullback toward the support level and channel border. The market recently bounced off the psychological level at 1.91000, demonstrating potential strength at this key zone. On higher timeframes, the price continues to make higher highs and higher closes, indicating clear bullish dominance in the longer-term perspective. However, the recent pullback suggests we may enter a consolidation phase rather than an immediate continuation of the uptrend. Despite this, I expect the price to retest at least 50% of the pullback range and possibly reach even higher levels. If the price maintains position above the channel border and support zone between 1.9000-1.9100, there's a high probability of upward movement resuming. My goal is resistance zone around 1.96700

Traders, if you liked this idea or if you have your own opinion about it, write in the comments. I will be glad 👩‍💻

Lingrid

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Lingrid

💰FREE FOREX signals in Telegram: bit.ly/3F4mrMi

🚀FREE CRYPTO signals in Telegram: t.me/cryptolingrid

🌎WebSite: lingrid.org

Also on: