Technical analysis of EURNZD
EUR/GBP: 'Pennant' led to bullish rally
Information is not investment advice
The market has been rising since the last 'Pennant' pattern formed. Considering the last 'Thorn' pattern, the pair is likely going to test the nearest resistance at 0.8860 - 0.8885. The subsequent pullback from this area could be a starting point for a downward correction, so we should keep an eye on the closest support at 0.8838 - 0.8811 as an intraday target.