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FX.co ★ EURNZD M15: Bullish Symmetrical Triangle

EURNZD M15: Bullish Symmetrical Triangle

Bullish Symmetrical TriangleThe Bullish Symmetrical Triangle pattern has formed on the EURNZD M15 chart. Its lower boundary passes through 1.9757/1.9832, while its upper boundary passes through 1.9910/1.9832. The Bullish Symmetrical Triangle is a continuation pattern and therefore supports a further rise. If confirmed, EURNZD is expected to break the upper boundary and move toward 1.9855.
The M5 and M15 time frames may generate more false entry signals.
*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade
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