EURNZD: Important Breakout & Bearish Outlook 🇪🇺🇳🇿

Hey traders,

Have you seen this bearish breakout of a key weekly structure on EURNZD.
It opens a potential for a strong bearish continuation.

For entries, consider a wide daily area:
1.633 - 1.663 is the zone from where I will look for shorting opportunities.
I will wait for an occasional retest of that and then will look for a confirmation to sell.

Next support is 1.59

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Comment:

Check my new analysis on AUDCAD: