EURNZD bullish market

Aug 14, 2020

Eurnzd is in a bullish market overall, after the spike to 1.99 the price faced huge resistance and without necessary demand it erased almost all of the gains, but it found support at 1.72 area, forming a double bottom (where the bulls took control,(bullish divergence)) and broke above 1.77 and tested it as support which is a very bullish sign and currently the price is trending up very nicely without, any significant pullback, this is why i expect a pullback 1.788 area where i will look for a long entry targeting 1.82 (38.2% fib) to 1.85 (50% fib).
-One more bullish sign is that e broke the ichimoku cloud to the upside on the Daily timeframe.

-CryptonikLion