linofx1

EURNZD: Intraday Bearish Outlook

Short
OANDA:EURNZD   Euro / New Zealand Dollar
Following a test of a daily horizontal resistance, the EURNZD currency pair created a descending triangle pattern on a 4-hour time frame.

The next support level appears to be at 1.7909, which is likely to be the target for sellers.

To enter a trade, one could look for a retest of the broken neckline of the triangle.

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