After testing 1.7996 numerous times, EUR/NZD has finally broken through. Can we expect a bearish trend to follow?

EUR/NZD breakout through support
The breakout of EUR/NZD through the 1.7996 price line is a breach of an important psychological price that is has tested numerous in the past. If this breakout persists, EUR/NZD could test 1.7922 within the next 2 days. One should always be cautious before placing a trade, wait for confirmation of the breakout.

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