EURNZD pair on weekly chart broke through resistance zone between 1.5670 and 1.5761. Currently this area works as a support.

As you can see in daily chart below, for the first two days of current week we had a bearish scenario. Yesterday, however, pair returned back to growth, resulting with formation of a bullish Outside Bar.

Today increases are continuing and we are currently expecting a test of last week’s maxima. Another target for the bulls may be 1.6227, which would close the bearish gap that appeared at the opening of the week on 9 June last year.

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