EURNZD – Buy the Dip at Trendline and EMA Support

Trade Idea

• Type: Buy Limit
  
• Entry: 1.9367
  
• Target: 1.9549
  
• Stop Loss: 1.9306
  

• Duration: Intraday
  
• Expires: 04/07/2025 06:00
  

Technical Overview

• The short-term bias remains positive, with intraday dips consistently attracting buyers.
  
• Price action suggests that the sequence of higher lows and higher highs is still intact, with no clear sign of trend exhaustion.
  
• Trendline support at 1.9330 and the 20-period 4H EMA at 1.9366 align near the proposed entry, strengthening the support zone.
  
• A rebound from this area could confirm continuation toward resistance at 1.9549.
  

No major economic events are expected in the next 24 hours, allowing technical factors to dominate intraday price action.

Key Technical Levels

• Support: 1.9360 / 1.9327 / 1.9262
  
• Resistance: 1.9438 / 1.9488 / 1.9550
  

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