EURNZD long with limit

In the daily time frame, we see that the pair, after finding support at 1.65000, moved above the moving averages MA20 and EMA20 and then above MA50, directing the pair towards MA200 and EMA200 at 1.72000. for now, we have resistance at 1.70000, and we can expect less consolidation at that level if we expect a continuation towards the above targets on the chart. For the bearish scenario, we expect a deduction of 1.70000, and then we look at the previous low as potential support.