EURNZD: Time to Fall?!
EURNZD has established a cup and handle pattern and has broken through its neckline on the 4-hour chart.
This breakout confirms a Change of Character (CHoCH) and indicates a potential bearish reversal in the near term.
The price is likely to decline, potentially reaching the support level at 1.7807.
This breakout confirms a Change of Character (CHoCH) and indicates a potential bearish reversal in the near term.
The price is likely to decline, potentially reaching the support level at 1.7807.
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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.