FX.co ★ EURNZD M5: Bullish Symmetrical Triangle

The Bullish Symmetrical Triangle pattern has formed on the EURNZD M5 chart. Its lower boundary passes through 1.9875/1.9914, while its upper boundary passes through 1.9949/1.9914. 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 1.9929.