EURNZD, breakout or reversal?

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EURNZD

Eurnzd has created a wedge pattern. We can expect either a breakout or a reversal.

Breakout - The resistance has many touches and price action seems like it wanted to break off its resistance as it made higher lows

Reversal/Correction - Euro kiwi might not breakout this week but maybe later or sooner. Intraday, it made an impulse wave and we can expect a correction wave according to the Elliot wave theory.


best thing for now is to wait for more confirmation and candles to be formed.

like and comment, I am open for conversation, suggestion and corrections :)
have a nice day everyone

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