Buy EUR/NZD Triangle Breakout

The EUY (EUR/NZD) pair on the M30 timeframe presents a potential buying opportunity due to a recent upward breakout from a triangle pattern.

Key Points:

Buy Entry: Consider entering a long position around the current price of 1.7725, positioned close to the breakout level. This offers an entry point near the perceived shift in momentum.

Target Levels: Initial bullish targets lie at the following levels: 1.7813 and 1.7870

Stop-Loss: To manage risk, place a stop-loss order below the broken support line of the triangle, ideally around 1.7680. This helps limit potential losses if the price reverses and breaks back downwards.

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