EUR/NZD Shows Bullish Rally with Potential for Long Setup

The EUR/NZD currency pair has been continuing its upward trend, with the main trend displaying a pattern of making higher highs and higher lows. In the last trading session, the price began a retracement, bringing the current value of the pair to approximately the 61.8% Fibonacci level, and it may potentially reach the 78.6% level. It's possible that during this phase, the market may experience a pullback in the direction of the main trend. Given these factors, our idea is to anticipate a long setup, as we believe that the upward trend will continue in the long term.