Paying attention to EURNZD on the H1 timeframe, you can see that the price of this pair has breakout S1/R1 touching the 38.2 FIBO level heading to the 50.0 FIBO level. Referring to the Stochastic indicator, saturation may occur due to oversold. On the other hand, if this pair manages to touch the 50.0 FIBO level, then it is possible to continue to rise towards the 61.8 FIBO level. Therefore the Go-long position can be an option. But still have to be wary of the trend reversal.
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