EURNZD Structure Signals Potential Downside Move
EURNZD is currently testing a key resistance zone between 2.0270 and 2.0310, an area that has acted as a strong supply zone in the past. The pair has shown multiple rejections around this level, suggesting that buyers are losing momentum and sellers may soon regain control.
The price structure indicates a potential bearish reversal if the pair fails to break and close above the resistance area. The first target for the downside move lies near 2.0100, followed by the second and more significant target around 1.9940, where strong demand previously pushed the price higher.
If bearish momentum strengthens from the current structure, EURNZD could continue to drop toward those levels in the coming days.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
EURNZD is currently testing a key resistance zone between 2.0270 and 2.0310, an area that has acted as a strong supply zone in the past. The pair has shown multiple rejections around this level, suggesting that buyers are losing momentum and sellers may soon regain control.
The price structure indicates a potential bearish reversal if the pair fails to break and close above the resistance area. The first target for the downside move lies near 2.0100, followed by the second and more significant target around 1.9940, where strong demand previously pushed the price higher.
If bearish momentum strengthens from the current structure, EURNZD could continue to drop toward those levels in the coming days.
You may find more details in the chart!
Thank you and Good Luck!
❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️
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✅MY FREE Signals Channel
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
t.me/TradingPuzzles
✅Personal Telegram
t.me/KlejdiCuni
✅Suggested News Channel
t.me/ForexNewsNavigator_Official
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.