Technical Analysis EURNZD
The EURNZD pair has broken below its ascending channel, confirming a bearish shift in market structure. Following the breakdown, price completed a clean retest of the lower channel boundary, which is now acting as resistance.
From a technical standpoint, the pair is expected to continue lower, with the first minor support target at 2.0000. A decisive break beneath this level would open the path toward the final bearish target at 1.9659, aligning with broader downside momentum.
The EURNZD pair has broken below its ascending channel, confirming a bearish shift in market structure. Following the breakdown, price completed a clean retest of the lower channel boundary, which is now acting as resistance.
From a technical standpoint, the pair is expected to continue lower, with the first minor support target at 2.0000. A decisive break beneath this level would open the path toward the final bearish target at 1.9659, aligning with broader downside momentum.
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Smart trades begin with smart signals. Join us
t.me/Pro_Chart_Analysis
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Your edge starts here
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t.me/Pro_Chart_Analysis
Gold, Forex & Crypto
Your edge starts here
t.me/Pro_Chart_Analysis
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.