EURNZD H4: Confirmed Breakout – Target 2.0400 in SightEuro/New Zealand DollarFX:EURNZDfullpriceactionEURNZD analysis reveals a market structure transitioning toward a strong bullish bias. After a long consolidation period above the Daily Support (1.9500 zone), the price has shown clear signs of institutional accumulation. The recent breakout of the intermediate resistance around 1.9800 confirms a bullish Break of Structure (BOS), validated by the green signal arrow on the chart. The preferred scenario is based on a "Break & Retest" pattern. We anticipate a slight technical pullback (retracement) toward the new support zone at 1.9800 to fill liquidity before a major impulse. The final target for this move is the upper resistance zone at 2.0400, representing significant upside potential. As long as the price remains above the 1.9800 pivot, the momentum remains in favor of the buyers.