Breach of resistance could mean a start of a bullish trend on EUR/NZD

Triangle breakout on EUR/NZD
EUR/NZD has broken through the resistance line of a Triangle technical chart pattern. Because we have seen it retrace from this line in the past, one should wait for confirmation of the breakout before taking any action. It has touched this line twice in the last 7 days and suggests a possible target level to be around 1.7772 within the next 10 hours.

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