EURNZD: Intraday Bearish Outlook
Following a test of a daily horizontal resistance, the EURNZD currency pair created a descending triangle pattern on a 4-hour time frame.
The next support level appears to be at 1.7909, which is likely to be the target for sellers.
To enter a trade, one could look for a retest of the broken neckline of the triangle.
The next support level appears to be at 1.7909, which is likely to be the target for sellers.
To enter a trade, one could look for a retest of the broken neckline of the triangle.
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