EUR/NZD continue in a descending Channel 🦐
The market since the end of the uptrend rally in March started a descending phase inside a channel.
Being unable to break the resistance zone around 1.82 level is now testing the support level around 1.7850.
If the market will manage to break and close the day below the support structure, we could look for a short position according to our strategy with a possible target at the continuation of the lower channel's trend line.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.
Being unable to break the resistance zone around 1.82 level is now testing the support level around 1.7850.
If the market will manage to break and close the day below the support structure, we could look for a short position according to our strategy with a possible target at the continuation of the lower channel's trend line.
Here is the Plancton0618 technical analysis , please comment below if you have any question.
The ENTRY in the market will be taken only if the condition of Plancton0618 strategy will trigger.