EURNZD currency pair analysis
We see the formation of a bearish Gartley harmonic pattern in the descending channel.
The role of dynamic resistance is also very important. A resistance that the price has reacted to many times.
It is expected that the price will experience a drop to at least the 1.7850 range.
A breakdown of dynamic resistance and the ceiling of the descending channel will invalidate the analysis.
The role of dynamic resistance is also very important. A resistance that the price has reacted to many times.
It is expected that the price will experience a drop to at least the 1.7850 range.
A breakdown of dynamic resistance and the ceiling of the descending channel will invalidate the analysis.
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