EURNZD Analysis #3 Week 4

So EURNZD went EXTREMELY Bullish from the beginning of the week. I had previously mentioned that there was a broken uptrendline on the weekly time frame for the past 3 weeks that needed to be retested. From 1.76900, price has gone completely bearish and now it has retraced to the 38.2 fibonacci level which also lines up with the retest of the Uptrendline. I am currently in the buy trade, but if i start to see price reject at this trendline then i will be inclined to take my profits and look to start selling. I am also very open to price going up to the 61.8% fibonacci (my target) which will be ideal for the sell in my opinion.

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