EURNZD is currently trading within a well-defined flag pattern inside a broader descending channel Price is hovering just above the order block near 1.8860 hinting at a potential bullish reaction from this demand zone If price taps the order block and confirms support we could see a bullish breakout from the flag structure A move above 1.8980 may open the path toward 1.9050 and 1.9100Resistance: levels 1.8980 - 1.9050 1.9100
Support: levels 1.8850 - 1.8810
Alternatively failure to hold the OB could lead to a sweep of the 1.8810 support before a deeper reaction or breakdown Watch for clean structure and confirmation before entering...
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Trade closed: target reached
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.