EURNZD - Potential Rejection at Resistance
The EURNZD pair is approaching a significant resistance zone marked by prior price rejections. This area aligns with a key supply zone, and the market structure hints at a potential reversal. The overall context suggests that sellers may take control at this level, leading to a downward move.
I anticipate that if the price shows a clear rejection from the resistance zone, the market may head lower toward the 1.83200 support level. This setup aligns with the idea of trend exhaustion near resistance.
if you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!
I anticipate that if the price shows a clear rejection from the resistance zone, the market may head lower toward the 1.83200 support level. This setup aligns with the idea of trend exhaustion near resistance.
if you agree with this analysis or have any additional insights, feel free to share your thoughts in the comments!
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