FX.co ★ EURNZD D1: Triple Bottom

The Triple Bottom pattern has formed on the chart of EURNZD D1. The lower boundary is at 1.9509, while the upper boundary is at 1.9851/1.9803. The projected width is 299 points. The formation of the Triple Bottom pattern most likely indicates a change from a downward to an upward trend. If the confirmation resistance at 1.9851 is broken, the price is likely to continue upward.