Price Action: EUR/NZD 4H
The Euro rose by 1.83% versus the Kiwi within last week's trading sessions. The currency pair broke the 200– period SMA and the monthly pivot point past week. After breaking the 4-hour ascending triangle pattern this week, the exchange rate could extend its wave higher during the following trading sessions and put the bulls in charge if the price also breaks the daily descending channel and the weekly falling wedge pattern. The possible target for bullish traders will be near the 1.7150 level. Nonetheless, the R1 resistance level at 1.6956 could give resistance for the currency pair during this week.
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