A Bullish pennant pattern spotted on EURNZD, along with a Hidden Bullish Divergence found at the .618 Fib level of the June 28 bull run which started the pennant following an even stronger bull run started June 14. Stoch also on under sold territory.
Measuring the distance from the previous high of the move that started the bull run on June 14 up to the bottom of the pennant which is also the high of the move started June 28th we have a range which we will carry over to look for a target.
Our target will be measured from the high (1.71608) of the bear run into the .618 fib level (Using this high as a conservative measure)
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