EURNZD: Bearish Move from Key Level

Dec 8, 2020

EURNZD is still trading within a strong daily resistance cluster.
The price was rejected multiple times on a daily after the level was reached.

On 4H the price has broken a bearish flag pattern.
The breakout is considered to be confirmed and the price has set a nice lower high before the breakout.

Now broken support line of a flag serves as a local supply point.
From that bearish move is expected.

Short term goals:
1.713
1.705