EURNZD — Buy the Retest Inside the Rising Channel 📈

[theSignalyst]

EURNZD is trending bullish on the daily, respecting a clean ascending channel. Price just broke and pulled back toward the 1.995–2.005 support block (prior supply → demand) that lines up with the channel midline.

Key levels

Support: 1.995–2.005 (flip zone) then 1.965–1.975 (channel lower rail)

Resistance: 2.045–2.055, then the channel top toward 2.08–2.10

Scenarios

Bullish : Look for a higher-low/bullish candle from 1.995–2.005 → continuation to 2.045–2.055, then grind toward the upper rail.

Bearish : Daily close back below 1.995 invalidates the immediate long idea and risks a slide to the 1.965–1.975 rail.

Plan
I’ll look for longs on confirmation at the flip zone or on a break & retest above 2.055 for momentum follow-through toward the channel top.

️ Not financial advice. Do your own research and manage risk.

All Strategies Are Good; If Managed Properly!
~Richard Nasr.